CONSOLIDATED INCOME STATEMENT
|
For the year ended 31 December |
||
---|---|---|---|
|
Note |
2020 HK$ million |
2019 HK$ million |
Interest income |
336,985 |
330,267 |
|
Interest expenses |
(164,967) |
(160,125) |
|
Net interest income |
172,018 |
170,142 |
|
Fee and commission income |
44,814 |
42,770 |
|
Fee and commission expenses |
(5,636) |
(6,807) |
|
Net fee and commission income |
39,178 |
35,963 |
|
Sales of goods and services |
323,808 |
344,076 |
|
Other revenue |
17,945 |
16,316 |
|
341,753 |
360,392 |
||
Total revenue |
552,949 |
566,497 |
|
Cost of sales and services |
(276,305) |
(283,148) |
|
Other net income |
6,363 |
9,944 |
|
Expected credit losses |
(96,927) |
(88,722) |
|
Impairment losses |
(3,649) |
(7,024) |
|
Other operating expenses |
(88,647) |
(103,894) |
|
Net valuation loss on investment properties |
(675) |
(756) |
|
Share of profits of associates, net of tax |
10,533 |
8,083 |
|
Share of profits of joint ventures, net of tax |
3,960 |
5,474 |
|
Profit before net finance charges and taxation |
107,602 |
106,454 |
|
Finance income |
1,266 |
2,264 |
|
Finance costs |
(11,150) |
(12,703) |
|
Net finance charges |
(9,884) |
(10,439) |
|
Profit before taxation |
97,718 |
96,015 |
|
Income tax |
(16,790) |
(17,827) |
|
Profit for the year |
80,928 |
78,188 |
|
Attributable to: |
|
|
|
- Ordinary shareholders of the Company |
56,628 |
53,903 |
|
- Non-controlling interests |
24,300 |
24,285 |
|
Profit for the year |
80,928 |
78,188 |
|
Earnings per share for profit attributable to ordinary shareholders of the Company during the year: |
|
|
|
Basic and diluted earnings per share (HK$) |
16 |
1.95 |
1.85 |
The notes form part of these consolidated financial statements.