EBITDA was calculated based on operating revenues minus operating expenses plus depreciation and amortisation.
EBITDA margin was calculated based on EBITDA divided by the operating revenues excluding mobile terminal sales.
Net profit represented profit attributable to equity holders of the Company.
Equity and net asset value represented equity attributable to equity holders of the Company.
Certain prior years figures were retrospectively restated due to the acquisition of China Telecom (Europe) Limited. Please refer to note 1 to the audited financial statements in this annual report for details.