Annual Report - QuamIR

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