Annual Report - QuamIR
Annual Report - QuamIR
Annual Report - QuamIR
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Consolidated Income Statement<br />
<br />
For the year ended 31 December 2011<br />
<br />
2011 2010<br />
<br />
Note HK$ Million HK$ Million<br />
<br />
Revenue 5 695.5 499.1<br />
Cost of sales (380.3) (347.3)<br />
Gross profit 315.2 151.8<br />
Other income 6 666.6 54.7<br />
Fair value adjustments on investment<br />
properties<br />
<br />
16 (142.0) (98.9)<br />
Provision for impairment losses on assets 7 (26.0) (38.0)<br />
Selling and distribution costs (34.6) (9.7)<br />
Administrative expenses (279.0) (258.3)<br />
Other and general expenses (120.2) (83.9)<br />
Operating profit/(loss) 8 380.0 (282.3)<br />
Finance income 9 29.0 18.9<br />
Finance costs 9 (192.4) (225.6)<br />
Finance costs – net 9 (163.4) (206.7)<br />
Share of profits less losses of<br />
associated companies<br />
Share of profits less losses of<br />
jointly controlled entities<br />
<br />
22 111.2 89.9<br />
<br />
23 (17.6) (14.9)<br />
Profit/(loss) before income tax 310.2 (414.0)<br />
Income tax (expense)/credit 12 (120.4) 17.8<br />
Profit/(loss) for the year 189.8 (396.2)<br />
Attributable to:<br />
<br />
Equity holders of the Company 13 241.3 (293.8)<br />
Non-controlling interests (51.5) (102.4)<br />
Earnings/(loss) per share for profit/(loss)<br />
attributable to equity holders<br />
of the Company, expressed in<br />
HK cents per share<br />
<br />
<br />
<br />
14<br />
189.8 (396.2)<br />
Basic 2.3 (2.8)<br />
Diluted 2.1 (2.9)<br />
Special cash dividends<br />
(before distribution in kind)<br />
<br />
15<br />
First, paid 108.3 –<br />
Second, proposed 108.3 –<br />
216.6 –<br />
70 HKC (Holdings) Limited • <strong>Annual</strong> <strong>Report</strong> 2011