(a)Cash generated from operations
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
2024 |
|
|
2025 |
|
|
|
RMB’million |
|
|
RMB’million |
|
|
RMB’million |
|
Profit before income tax |
|
|
6,045 |
|
|
|
8,712 |
|
|
|
13,277 |
|
Adjustments for: |
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
1,004 |
|
|
|
978 |
|
|
|
1,375 |
|
Impairment of long-term investments |
|
|
23 |
|
|
|
64 |
|
|
|
82 |
|
Loss allowance for expected credit losses (Note 20) |
|
|
17 |
|
|
|
17 |
|
|
|
6 |
|
Non-cash employee benefits expense – share based payments
(Note 8) |
|
|
649 |
|
|
|
596 |
|
|
|
669 |
|
Fair value gains on investments (Note 7) |
|
|
- |
|
|
|
(12 |
) |
|
|
(49 |
) |
Net (gains)/losses in relation to equity investments (Note 7) |
|
|
(12 |
) |
|
|
50 |
|
|
|
(2,381 |
) |
Dividend income (Note 7) |
|
|
(15 |
) |
|
|
(17 |
) |
|
|
(173 |
) |
(Gains)/losses of step-up acquisition arising from business
combination (Note 7) |
|
|
(4 |
) |
|
|
(29 |
) |
|
|
6 |
|
Share of profit of associates and joint ventures (Note 17) |
|
|
(127 |
) |
|
|
(96 |
) |
|
|
(42 |
) |
Interest income |
|
|
(1,052 |
) |
|
|
(1,196 |
) |
|
|
(1,054 |
) |
Interest expenses |
|
|
124 |
|
|
|
124 |
|
|
|
122 |
|
Net exchange differences |
|
|
17 |
|
|
|
(30 |
) |
|
|
7 |
|
Increase in accounts receivable |
|
|
(204 |
) |
|
|
(539 |
) |
|
|
(355 |
) |
Decrease/(increase) in inventories |
|
|
7 |
|
|
|
(15 |
) |
|
|
(17 |
) |
Decrease/(increase) in other operating assets |
|
|
85 |
|
|
|
72 |
|
|
|
(416 |
) |
Increase/(decrease) in accounts payable |
|
|
52 |
|
|
|
1,845 |
|
|
|
(783 |
) |
Increase in other operating liabilities |
|
|
846 |
|
|
|
193 |
|
|
|
538 |
|
Cash generated from operations |
|
|
7,455 |
|
|
|
10,717 |
|
|
|
10,812 |
|
|