5
OPERATING PROFIT
Operating profit is stated after crediting and charging the following:
2015
2014
HK$’000
HK$’000
Crediting
Dividend income from River Ports Economic Benefits (Note 17)
19,605
47,410
Net exchange gain
3,305
-
Net gain on disposal of fixed assets
-
1,926
Net gain on disposal of subsidiary companies
-
243,777
Gain on cessation of economic benefits of an investment
155,532
-
Charging
Auditor’s remuneration
- audit services
14,461
14,521
- non-audit services
1,751
502
Amortisation
- leasehold land and land use rights
1,265,546
1,270,832
- railway usage rights
557
568
- customer relationships
334,206
334,206
Depreciation of fixed assets
1,220,886
1,199,741
Net loss on disposal of fixed assets
2,733
-
Operating lease rentals
- o¢ce premises and port facilities
54,057
66,496
Sta
costs included in cost of services rendered
1,314,636
1,301,366
Net exchange loss
-
61,462
6
INTEREST AND OTHER FINANCE COSTS
2015
2014
HK$’000
HK$’000
Bank loans and overdrafts
464,582
517,901
Guaranteed notes
103,480
-
Loans from non-controlling interests
1,519
1,519
Other finance costs
54,621
66,686
Fair value loss on interest rate swaps
38,784
-
Less: fair value adjustment to bank and other debts under fair value hedge
(38,784)
-
624,202
586,106
7
TAX
2015
2014
HK$’000
HK$’000
Current tax
1,062,983
1,001,289
Deferred tax (Note 18)
(238,089)
(270,317)
824,894
730,972
Notes to the
Financial Statements
OPTIMISING FOR THE FUTURE
088
