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12  Income tax in the summary consolidated statement of profit or loss and 
other comprehensive income
Charge for the year
(CNY million)
2020
2019
Current tax
Provision for the year
8,855
9,419
Over provision in respect of prior years
(221)
(151)
8,634
9,268
Deferred tax
(979)
6,099
7,655
15,367

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2020 Annual Report
 
       
107
13 Other comprehensive income
(a) Tax effects relating to each component of other comprehensive income
2020
2019
 
 
(CNY million)
Before-tax 
amount
Tax benefit
Net-of-tax 
amount
Before-tax 
amount
Tax benefit
Net-of-tax 
amount
Re-measurement of defined 
benefit obligations
– The Group
1
2
3
202
(16)
186
Net change in the fair value and 
impairment loss of financial 
assets measured at FVOCI:
Net change in the fair value of 
equity investments
– The Group
3,018
(674)
2,344
184
(36)
148
Net change in the fair value and 
impairment loss of non-equity 
financial assets
– The Group
(12)
1
(11)
(11)
(3)
(14)
3,006
(673)
2,333
173
(39)
134
Translation differences on foreign 
operations
– The Group
(3,987)
–
(3,987)
1,881
–
1,881
(980)
(671)
(1,651)
2,256
(55)
2,201
(b) Components of other comprehensive income, including reclassification adjustments
(CNY million)
2020
2019
Net change in the fair value and impairment loss of financial assets 
measured at FVOCI:
Changes in fair value recognised during the year
3,022
238
Reclassification adjustment for amounts transferred to profit or loss:
– Gain on derecognition (note 11)
–
(78)
Loss allowances recognised during the year
(16)
13
Net deferred tax debited to other comprehensive income
(673)
(39)