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HALF-YEAR REPORT 2016

Notes to the Consolidated Financial Statements

For the six months ended 30 June 2016

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9 Profit before taxation

Profit before taxation is arrived at after charging below costs and expenses in cost of sales and services and

other operating expenses:

(a) Staff costs

Six months ended 30 June

2016

2015

HK$ million

HK$ million

(Restated)

Salaries and bonuses

16,264

16,128

Contributions to defined contribution

retirement schemes

2,210

1,488

Others

3,561

3,716

22,035

21,332

(b) Other items

Six months ended 30 June

2016

2015

HK$ million

HK$ million

(Restated)

Amortisation

1,246

1,267

Depreciation

4,324

4,459

Operating lease charges: minimum lease payments

2,798

2,808

Business tax and surcharges

4,765

7,529

Property management fees

389

502

Non-operating expenses

439

123

Professional fees

455

552

14,416

17,240