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60 Huawei Investment & Holding Co., Ltd. 2014 Annual Report
Consolidated Statement of Profit or Loss
2014 2013
Note CNY million CNY million
Restated
Revenue 3288,197 239,025
Cost of sales (160,746) (141,005)
Gross profit 127,451 98,020
Research and development expenses (40,845) (31,563)
Selling and administrative expenses (47,468) (38,052)
Other (expenses)/income, net 4(4,933) 723
Operating profit before financing costs 34,205 29,128
Net finance expenses 6(1,455) (3,942)
Shares of associates' results 332 4
Share of joint ventures' results (29) (28)
Profit before taxation 33,053 25,162
Income tax 7(5,187) (4,159)
Profit for the year 27,866 21,003
Attributable to:
Equity holders of the Company 27,851 20,919
Non-controlling interests 15 84
Profit for the year 27,866 21,003
The notes on pages 63 to 102 form part of this consolidated financial statements summary.
Consolidated Financial Statements Summary