FINANCIAL REPORT

Consolidated Statement of Comprehensive Income

for the year ended 31 December 2022 (Amounts in millions except for per share data)

2022

2021

Notes

RMB

RMB

(restated)

Operating revenues

27

481,448

439,553

Operating expenses

Depreciation and amortisation

(96,932)

(92,966)

Network operations and support

28

(147,589)

(133,340)

Selling, general and administrative

31

(64,277)

(61,154)

Personnel expenses

29

(84,772)

(76,057)

Other operating expenses

30

(54,451)

(45,088)

Total operating expenses

(448,021)

(408,605)

Operating profit

33,427

30,948

Net finance costs

32

(7)

(1,293)

Investment income and others

243

2,244

Share of profits of associates and joint ventures

2,051

1,966

Profit before taxation

35,714

33,865

Income tax

33

(8,038)

(7,716)

Profit for the year

27,676

26,149

Other comprehensive income for the year

Items that will not be reclassified subsequently to profit or loss:

Change in fair value of investments in equity instruments at fair value through other comprehensive income

(222)

20

Deferred tax on change in fair value of investments in equity instruments at fair value through other comprehensive income

50

(15)

(172)

5

Items that may be reclassified subsequently to profit or loss:

Exchange difference on translation of financial statements of subsidiaries outside mainland China

712

(233)

712

(233)

Other comprehensive income for the year, net of tax

540

(228)

Total comprehensive income for the year

28,216

25,921

Profit attributable to

Equity holders of the Company

27,593

25,949

Non-controlling interests

83

200

Profit for the year

27,676

26,149

Total comprehensive income attributable to

Equity holders of the Company

28,133

25,721

Non-controlling interests

83

200

Total comprehensive income for the year

28,216

25,921

Basic earnings per share (RMB)

38

0.30

0.31

Diluted earnings per share (RMB)

38

0.30

0.31

Number of shares (in million)

25

91,507

91,507

The notes on pages 193 to 287 form part of these consolidated financial statements.