E
CITIC Limited Annual Report 2014

Consolidated Profit and Loss Account

For the year ended 31 December 2014
Note2014
HK$ million
2013
HK$ million
(Restated)
Interest income260,450205,711
Interest expenses(139,372)(97,224)
Net interest income5(a)121,078108,487
Fee and commission income39,71428,979
Fee and commission expenses(2,094)(1,889)
Net fee and commission income5(b)37,62027,090
Sales of goods and services5(c)237,189271,344
Other revenue5(d)6,2372,826
243,426274,170
Total revenue402,124409,747
Cost of sales and services6(198,457)(238,039)
Other net income710,57210,165
Impairment losses on8
- Loans and advances to customers(28,149)(13,459)
- Others(26,871)(4,220)
Other operating expenses(82,661)(74,024)
Net valuation gain on investment properties33(a)2,3322,095
Share of profits of associates, net of tax4,3892,676
Share of profits of joint ventures, net of tax3,3253,956
Profit before net finance charges and taxation86,60498,897
Finance costs(11,054)(9,487)
Finance income2,2501,990
Net finance charges9(8,804)(7,497)
Profit before taxation1077,80091,400
Income tax11(18,000)(20,941)
Profit for the year59,80070,459
Attributable to:
Ordinary shareholders of the Company39,83448,430
Holders of perpetual capital securities1,130881
Non-controlling interests18,83621,148
Profit for the year59,80070,459
Earnings per share (HK$)16
Basic and diluted1.601.94