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Financial Report

Consolidated Income Statement

  For the year ended 31 December
  Note 2016
HK$ million
2015
HK$ million
(Restated)
Continuing operations      
Interest income   251,427 270,151
Interest expenses   (125,504) (138,268)
Net interest income 5(a) 125,923 131,883
Fee and commission income   58,196 51,405
Fee and commission expenses   (3,618) (2,506)
Net fee and commission income 5(b) 54,578 48,899
Sales of goods and services 5(c) 193,292 189,880
Other revenue 5(d) 7,029 24,648
200,321 214,528
Total revenue 380,822 395,310
Cost of sales and services 6, 10 (165,620) (158,346)
Other net income 7 7,291 8,095
Impairment losses on 8
– Loans and advances to customers and other parties (53,603) (47,827)
– Others (19,987) (31,361)
Other operating expenses 10 (76,858) (85,523)
Net valuation gain on investment properties 32 615 592
Share of profits of associates, net of tax 2,323 4,741
Share of profits/(loss) of joint ventures, net of tax 2,876 (155)
Profit before net finance charges and taxation 77,859 85,526
Finance income 1,552 2,358
Finance costs (8,688) (9,239)
Net finance charges 9 (7,136) (6,881)
Profit before taxation 10 70,723 78,645
Income tax 11 (18,393) (19,424)
Profit for the year from continuing operations 52,330 59,221
Discontinued operations
Profit for the year from discontinued operations 50 10,309 1,472
Profit for the year 62,639 60,693
Attributable to:
– Ordinary shareholders of the Company 43,119 41,812
– Holders of perpetual capital securities 790 1,135
– Non-controlling interests 18,730 17,746
Profit for the year 62,639 60,693
Profit attributable to ordinary shareholders
of the Company arising from:
– Continuing operations 32,782 40,501
– Discontinued operations 10,337 1,311
43,119 41,812
Earnings per share for profit attributable to ordinary
shareholders of the Company during the year (HK$):
15
Basic earnings per share from:
– Continuing operations 1.13 1.53
– Discontinued operations 0.35 0.05
1.48 1.58
Diluted earnings per share from:
– Continuing operations 1.13 1.52
– Discontinued operations 0.35 0.05
1.48 1.57
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