Annual Report 2012

Notes to the financial statements(Expressed in millions of RMB, unless otherwise stated)10 Net gain arising from investment securities2012 2011Net gain on sale of available-for-sale financial assets 1,885 813Net revaluation gain reclassified from other comprehensive income on disposal 1,546 810Net gain on sale of held-to-maturity investments 103 133Net gain on sale of receivables 2 –Total 3,536 1,75611 Other operating income, net2012 2011Insurance related income 5,868 879Net foreign exchange gain 1,504 1,451Net gain on disposal of repossessed assets 72 172Net gain on disposal of fixed assets 67 489Others 2,675 2,544Total 10,186 5,535Net foreign exchange gain or loss includes gains and losses in connection with the translation of foreign currency denominated monetaryassets and liabilities, and net realised and unrealised gains and losses on foreign exchange derivatives (including those foreign exchangeswaps, foreign exchange options and cross interest currency swaps entered into in order to economically hedge long positions in foreigncurrency assets).12 Operating expenses2012 2011Staff costs– Salaries, bonuses, allowances and subsidies 54,352 49,703– Defined contribution retirement schemes 10,214 8,495– Other social insurance and welfare 7,807 6,581– Housing funds 4,685 3,989– Union running costs and employee education costs 2,205 2,013– Supplementary retirement benefits 366 387– Early retirement expenses 73 210– Compensation to employees for termination of employment relationship 8 1079,710 71,388Premises and equipment expenses– Depreciation charges 11,685 10,397– Rent and property management expenses 6,070 5,177– Maintenance 2,516 2,149– Utilities 1,872 1,643– Others 1,341 1,03123,484 20,397Business taxes and surcharges 30,233 24,229Amortisation expenses 2,204 2,100Audit fees 144 153Other general and administrative expenses 35,306 26,270Total 171,081 144,537China Construction Bank Corporation annual report 2012117