Financial Highlights

  For the year ended 31 December
Renminbi in millions 2019 2018 2017 2016
(restated)
(note 1)
2016
(unrestated)
(note 2)
2015
(unrestated)
(note 3)

Revenue and profit

Revenue 113,313 105,470 88,706 70,400 69,616 33,558
Profit before income tax expense 13,645 11,985 11,480 6,291 6,067 3,971
Profit for the year 9,571 8,213 7,949 3,091 2,923 1,870
Profit for the year attributable to owners of the Company 5,551 4,634 4,760 666 581 110
Core profit before income tax expense 14,427 13,279 11,659 10,618 10,394 5,691
Core profit attributable to owners of the Company 6,252 5,885 4,906 4,279 4,194 1,839
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) 21,491 20,303 18,244 16,660 16,073 10,231

Assets and liabilities

Non-current assets 118,247 109,930 107,663 99,711 94,731 75,160
Current assets 29,650 30,657 32,895 29,223 28,570 15,477
Non-current liabilities 29,415 31,352 35,482 22,099 22,099 14,691
Current liabilities 39,297 39,141 39,451 44,940 42,302 16,972
Net assets 79,185 70,094 65,625 61,895 58,900 58,974

Capital and reserve

Share capital 71 65 65 65 65 65
Reserve 21,433 17,277 14,680 15,951 14,588 19,591
Equity attributable to owners of the Company 49,988 42,704 40,025 37,852 36,324 41,195
Non-controlling interests 29,197 27,390 25,600 24,043 22,576 17,779


    Notes:
  • The financial information of the Group has not been restated for the acquisition of Jingtang Co. as the directors consider that the unrestated financial information is more appropriate for year-on-year comparison of the change in the Group’s business operation.
  • The financial information of the Group has not been restated for the acquisition of Jingtang Co. and PetroChina Kunlun Gas Co., Ltd. (“Kunlun Gas”) as the directors consider that the unrestated financial information is more appropriate for year-on-year comparison of the change in the Group’s business operation.
  • Core profit before income tax expense is defined as profit before income tax expense excluding impairment losses on property, plant and equipment, intangible assets, accounts and other receivables and exchange loss.