Huawei 2012 Annual Report Download - page 40

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Consolidated Financial Statements Summary and Notes
Consolidated Financial Statements Summary and Notes
37
Consolidated Income Statement
2012 2011
Note CNY’million CNY’million
Revenue 2220,198 203,929
Cost of sales 132,621 127,481
Gross profit 87,577 76,448
Research and development expenses 30,090 23,696
Selling and administrative expenses 38,916 33,770
Other (income)/operating expenses, net 3(1,386) 400
Operating profit before financing costs 19,957 18,582
Net finance expenses 51,629 5,897
Share of losses of associates/jointly controlled entities 237 228
Profit before income tax 18,091 12,457
Income tax 62,711 810
Profit for the year 15,380 11,647
Attributable to:
Equity holders of the Company 15,365 11,736
Non-controlling interests 15 (89)
Profit for the year 15,380 11,647