CONSOLIDATED

STATEMENT OF INCOME

For the year ended 31 December 2022
(All amounts in Renminbi (“RMB”) millions, except per share data)

Year ended 31 December

Note

2022

2021

       

Revenue

6

354,944

327,854

       

Interconnection charges

(10,947)

(11,557)

Depreciation and amortisation

(86,829)

(85,652)

Network, operation and support expenses

7

(56,425)

(53,087)

Employee benefit expenses

8

(60,726)

(58,944)

Costs of telecommunications products sold

9

(34,720)

(30,683)

Other operating expenses

10

(92,957)

(77,263)

Finance costs

11

(1,095)

(1,385)

Interest income

1,747

1,215

Share of net profit of associates

2,153

1,862

Share of net profit of joint ventures

1,593

1,448

Other income — net

12

3,850

4,119

Profit before income tax

20,588

17,927

Income tax expenses

13

(3,751)

(3,420)

Profit for the year

16,837

14,507

Profit attributable to:

Equity shareholders of the Company

16,745

14,368

Non-controlling interests

92

139

Profit for the year

16,837

14,507

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

Basic earnings per share (RMB)

14

0.55

0.47

Diluted earnings per share (RMB)

14

0.55

0.47

The notes on pages 106 to 205 are an integral part of these consolidated financial statements.