Depreciation, Depletion and Amortisation Depreciation, depletion and amortisation for 2022 was RMB238,036 million, representing an increase of 2.9% as compared with RMB231,269 million for last year. This was primarily due to an increase in long-term assets and the structural change in oil and gas resources, partially offset by the impairment in assets.
Selling, General and Administrative Expenses Selling, general and administrative expenses for 2022 were RMB59,529 million, representing an increase of 3.0% as compared with RMB57,802 million for last year. This was primarily due to the increase of expected credit loss, and the increase in the expenses of safe production due to the increase of revenue and the higher provision standard.
Taxes other than Income Taxes Taxes other than income taxes for 2022 were RMB278,055 million, representing an increase of 22.0% as compared with RMB228,003 million for last year, among which the consumption tax for 2022 was RMB159,132 million, representing a decrease of 1.5% as compared with RMB161,623 million for last year; the resource tax for 2022 was RMB32,991 million, representing an increase of 39.1% as compared with RMB23,723 million for last year; and crude oil special gain levy for 2022 was RMB43,768 million, representing an increase of RMB39,113 million as compared with RMB4,655 million for last year.
Other (Expenses)/Income, net Other net expenses for 2022 was RMB43,660 million, as compared with a net income of RMB12,980 million for last year, primarily due to the one-time gain recorded in 2021 from the pipeline assets transaction of Kunlun Energy Company Limited (“Kunlun Energy”), a subsidiary of our company.
Profit from Operations The profit from operations for 2022 was RMB216,660 million, representing an increase of 34.4% as compared with RMB161,153 million for last year.
Net Exchange (Loss)/Gain Net exchange loss for 2022 was RMB1,818 million, as compared with a net exchange gain of RMB538 million for last year. This was primarily due to the impact of fluctuations in the exchange rate of US Dollar against RMB.
Net Interest Expense Net interest expense for 2022 was RMB16,816 million, in line with RMB16,755 million recorded last year.
Profit Before Income Tax Expense Profit before income tax expense for 2022 was RMB213,277 million, representing an increase of 34.8% as compared with RMB158,203 million for last year.
Income Tax Expense The income tax expense for 2022 was RMB49,295 million, representing an increase of 13.3% as compared with RMB43,507 million for last year, which was primarily due to the increase in our profit before income tax expense.
Profit for the Year Net profit for 2022 was RMB163,982 million, representing an increase of 43.0% as compared with RMB114,696 million for last year.
Profit Attributable to Non-controlling Interests Profit attributable to non-controlling interests for 2022 was RMB14,602 million, representing a decrease of 35.2% as compared with RMB22,526 million for last year, which was primarily due to the one-time gain from the pipeline assets transaction of Kunlun Energy, which was recorded in 2021.
Profit Attributable to Owners of the Company Profit attributable to owners of the company for 2022 was RMB149,380 million, representing an increase of 62.1% as compared with RMB92,170 million for last year.
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