CONSOLIDATED INCOME STATEMENT
For the year ended 31 December
|
For the year ended 31 December |
|||
|---|---|---|---|
|
|
Note |
2018 HK$ million |
2017 HK$ million |
|
Interest income |
279,148 |
256,108 |
|
|
Interest expenses |
(152,895) |
(139,426) |
|
|
Net interest income |
126,253 |
116,682 |
|
|
Fee and commission income |
66,670 |
64,797 |
|
|
Fee and commission expenses |
(6,641) |
(5,617) |
|
|
Net fee and commission income |
60,029 |
59,180 |
|
|
Sales of goods and services |
330,288 |
260,481 |
|
|
Other revenue |
16,715 |
14,193 |
|
|
347,003 |
274,674 |
||
|
Total revenue |
533,285 |
450,536 |
|
|
Cost of sales and services |
(270,863) |
(222,869) |
|
|
Other net income |
7,713 |
14,596 |
|
|
Impairment losses |
N/A |
(78,925) |
|
|
Expected credit losses |
(69,059) |
N/A |
|
|
Other impairment losses |
(6,511) |
N/A |
|
|
Other operating expenses |
(102,685) |
(83,981) |
|
|
Net valuation gain on investment properties |
954 |
58 |
|
|
Share of profits of associates, net of tax |
7,914 |
7,564 |
|
|
Share of profits of joint ventures, net of tax |
2,786 |
5,889 |
|
|
Profit before net finance charges and taxation |
103,534 |
92,868 |
|
|
|
|
|
|
|
Finance income |
2,729 |
1,412 |
|
|
Finance costs |
(12,294) |
(11,497) |
|
|
Net finance charges |
(9,565) |
(10,085) |
|
|
Profit before taxation |
93,969 |
82,783 |
|
|
Income tax |
(18,944) |
(17,687) |
|
|
Profit for the year |
75,025 |
65,096 |
|
|
Attributable to: |
|||
|
– Ordinary shareholders of the Company |
50,239 |
43,902 |
|
|
– Holders of perpetual capital securities |
600 |
673 |
|
|
– Non-controlling interests |
24,186 |
20,521 |
|
|
Profit for the year |
75,025 |
65,096 |
|
|
Earnings per share for profit attributable to ordinary shareholders of the Company during the year: Basic and diluted earnings per share (HK$) |
1.73 |
1.51 |
|
The notes form part of these consolidated financial statements.
Consolidated Statement of Comprehensive Income