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HALF-YEAR REPORT 2016
Consolidated Income Statement
For the six months ended 30 June 2016
/ 33
Unaudited
Six months ended 30 June
2016
2015
Note
HK$ million
HK$ million
(Restated)
Continuing operations
Interest income
128,784
136,793
Interest expenses
(64,466)
(73,074)
Net interest income
5(a)
64,318
63,719
Fee and commission income
29,680
24,640
Fee and commission expenses
(1,271)
(1,169)
Net fee and commission income
5(b)
28,409
23,471
Sales of goods and services
5(c)
86,934
93,216
Other revenue
5(d)
4,313
16,156
91,247
109,372
Total revenue
183,974
196,562
Cost of sales and services
6
(72,158)
(77,420)
Other net income
7
3,595
4,722
Impairment losses on
– Loans and advances to customers
(23,632)
(19,996)
– Others
(4,838)
(1,666)
Other operating expenses
9
(37,352)
(39,914)
Net valuation gain on investment properties
171
382
Share of profits of associates, net of tax
957
3,215
Share of profits of joint ventures, net of tax
868
549
Profit before net finance charges and taxation
51,585
66,434
Finance income
534
1,280
Finance costs
(3,624)
(4,947)
Net finance charges
8
(3,090)
(3,667)
Profit before taxation
9
48,495
62,767
Income tax
10
(12,343)
(13,197)
Profit for the period from continuing operations
36,152
49,570
Discontinued operations
Loss for the period from discontinued operations
35
(4,782)
(611)
Profit for the period
31,370
48,959