CONSOLIDATED

STATEMENT OF INCOME

For the year ended 31 December 2021
(All amounts in Renminbi (“RMB”) millions, except per share data)

Year ended 31 December

Note

2021

2020

Revenue

6

327,854

303,838

 

Interconnection charges

(11,557)

(10,574)

Depreciation and amortisation

(85,652)

(83,017)

Network, operation and support expenses

7

(53,087)

(46,286)

Employee benefit expenses

8

(58,944)

(55,740)

Costs of telecommunications products sold

9

(30,683)

(26,862)

Other operating expenses

10

(77,263)

(70,237)

Finance costs

11

(1,385)

(1,747)

Interest income

1,215

1,366

Share of net profit of associates

1,862

1,588

Share of net profit of joint ventures

1,448

787

Other income — net

12

4,119

2,911

Profit before income tax

17,927

16,027

Income tax expenses

13

(3,420)

(3,450)

Profit for the year

14,507

12,577

Profit attributable to:

Equity shareholders of the Company

14,368

12,493

Non-controlling interests

139

84

Profit for the year

14,507

12,577

Earnings per share for profit attributable to equity shareholders of the Company during the year:

Basic earnings per share (RMB)

14

0.47

0.41

Diluted earnings per share (RMB)

14

0.47

0.41

The notes on pages 106 to 199 are an integral part of these consolidated financial statements.