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CITIC LIMITED
Notes to the Consolidated Financial Statements
For the six months ended 30 June 2016
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10 Income tax expense
Six months ended 30 June
2016
2015
HK$ million
HK$ million
(Restated)
Current tax – Mainland China
Provision for enterprise income tax
10,796
13,287
Land appreciation tax
48
24
10,844
13,311
Current tax – Hong Kong
Provision for Hong Kong profits tax
953
470
Current tax – Overseas
Provision
273
393
12,070
14,174
Deferred tax
Origination and reversal of temporary differences
273
(977)
12,343
13,197
The particulars of the applicable income tax rates are disclosed in Note 4.
11 Dividends
Six months ended 30 June
2016
2015
HK$ million
HK$ million
2015 Final dividend paid: HK$0.20
(2014: HK$0.20) per share
5,818
4,981
2016 Interim dividend proposed: HK$0.10
(2015: HK$0.10) per share
2,909
2,909