Consolidated Profit and Loss Account

For the year ended 31 December 2014

	Note	2014 HK$ million	2013 HK$ million (Restated)
Interest income		260,450	205,711
Interest expenses		(139,372)	(97,224)
Net interest income	5(a)	121,078	108,487
Fee and commission income		39,714	28,979
Fee and commission expenses		(2,094)	(1,889)
Net fee and commission income	5(b)	37,620	27,090
Sales of goods and services	5(c)	237,189	271,344
Other revenue	5(d)	6,237	2,826
		243,426	274,170
Total revenue		402,124	409,747
Cost of sales and services	6	(198,457)	(238,039)
Other net income	7	10,572	10,165
Impairment losses on	8
- 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 properties	33(a)	2,332	2,095
Share of profits of associates, net of tax		4,389	2,676
Share of profits of joint ventures, net of tax		3,325	3,956
Profit before net finance charges and taxation		86,604	98,897
Finance costs		(11,054)	(9,487)
Finance income		2,250	1,990
Net finance charges	9	(8,804)	(7,497)
Profit before taxation	10	77,800	91,400
Income tax	11	(18,000)	(20,941)
Profit for the year		59,800	70,459
Attributable to:
Ordinary shareholders of the Company		39,834	48,430
Holders of perpetual capital securities		1,130	881
Non-controlling interests		18,836	21,148
Profit for the year		59,800	70,459
Earnings per share (HK$)	16
Basic and diluted		1.60	1.94