2019 Annual Report (^91)
Summary Consolidated Statement of Profit or Loss and Other
Comprehensive Income
(CNY million) Note 2019 2018
Revenue 8 858,833 721,202
Cost of sales (536,144) (4 43,031)
Gross Profit 322,689 278,171
Research and development expenses (131,659) (101,509)
Selling and administrative expenses (114,165) (105,199)
Other income, net 9 970 1,824
Operating profit 77, 835 73,287
Finance income and expenses 11 178 253
Share of associates’ and joint ventures’ results (post tax) 10 106
Profit before taxation 78,023 73,646
Income tax 12 (15,367) (14, 3 01)
Profit after tax 62,656 59,345
Other comprehensive income
(after tax and reclassification adjustments)^13
Items that will not be reclassified to profit or loss:
Re-measurement of defined benefit obligations 186 (766)
Equity investments at fair value through other
comprehensive income (FVOCI) – net change in
fair value
148 (66)
334 (832)
Items that are or may be reclassified subsequently to
profit or loss:
Non-equity financial assets at FVOCI – net change
in fair value and impairment loss
(14) 36
Translation differences on foreign operations 1,881 1,247
Equity-accounted investees – share of OCI – (21)
1,867 1,262
Total other comprehensive income 2,201 430
Total comprehensive income 64,857 59,775
Profit for the year attributable to:
Equity holders of the Company 62,605 59,227
Non-controlling interests 51 118
Total comprehensive income attributable to:
Equity holders of the Company 64,806 59,656
Non-controlling interests 51 119
Note: The Group has initially applied International Financial Reporting Standard 16 Leases (IFRS 16) at January 1, 2019, using the modified
retrospective approach under which comparative information is not restated. See note 4.
The notes on pages 95 to 141 form part of this consolidated financial statements summary.
coco
(coco)
#1