2012 Annual Report - ZTE

ZTE CORPORATIONIncome Statement(Prepared in accordance with PRC ASBEs)(All amounts in RMB’000 unless otherwise stated)(English translation for reference only)Note XIII 2012 2011Operating revenue 6 74,032,317 75,344,302Less: Operating costs 6 67,605,154 66,202,307Taxes and surcharges 495,897 467,247Selling and distribution costs 7,076,114 7,703,206Administrative expenses 1,389,811 1,530,847Research and development costs 2,470,098 2,636,883Finance expenses 1,719,956 1,431,951Impairment losses (30,026) 564,900Add: Losses from changes in fair values (85,834) (34,799)Investment income 7 4,717,406 5,248,295Including: Share of profits and losses ofjointly-controlled entities and associates 7 16,007 42,247Operating profit/(loss) (2,063,115) 20,457Add: Non-operating income 660,147 419,854Less: Non-operating expenses 20,340 119,701Including: Loss on disposal of non-current assets 9,326 11,842Total profit/(loss) (1,423,308) 320,610Less: Income tax 4,491 (183,183)Net profit/(loss) (1,427,799) 503,793Other comprehensive income 783,475 (936)Total comprehensive income (644,324) 502,857158