Financial Highlights

  For the year ended 31 December
Renminbi in millions 2017 2016
(restated)
(note 1)
2016
(unrestated)
(note 2)
2015
(unrestated)
(note 3)
2014
(unrestated)
(note 3)
2013
(unrestated)
(note 3)

Revenue and profit

           
Revenue 88,706 70,400 69,616 33,558 37,659 34,138
Profit before income tax expense 11,480 6,291 6,067 3,971 9,372 11,282
Profit for the year 7,949 3,091 2,923 1,870 6,957 8,260
Profit for the year attributable to owners of the Company 4,760 666 581 110 4,397 5,385
Core profit before income tax expense 12,268 10,204 9,980 5,360 9,372 11,282
Core profit attributable to owners of the Company 5,522 3,857 3,772 1,498 4,397 5,385
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) 18,853 16,245 15,659 9,900 13,809 15,151

Assets and liabilities

           
Non-current assets 107,663 99,711 94,731 75,160 77,672 74,952
Current assets 32,895 29,223 28,570 15,477 15,531 17,739
Non-current liabilities 35,482 22,099 22,099 14,691 14,960 15,567
Current liabilities 39,451 44,940 42,302 16,972 19,401 21,051
Net assets 65,625 61,895 58,900 58,974 58,842 56,073

Capital and reserve

           
Share capital 65 65 65 65 65 65
Reserve 14,680 15,951 14,588 19,591 19,828 20,014
Equity attributable to owners of the Company 40,025 37,852 36,324 41,195 41,877 39,110
Non-controlling interests 25,600 24,043 22,576 17,779 16,965 16,963


    Notes:
  • Due to business combinations under common control completed in 2017, the financial information of the Group has been restated to include the financial position and results of operation of PetroChina Jingtang Co., Ltd. (“Jingtang Co.”) on a combined basis.
  • 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.