2016 — Page 68

CONSOLIDATED STATEMENT

OF PROFIT OR LOSS

For the year ended 31 December 2016

Continuing operations

2016

2015

(restated)

Note

HK$'000

HK$'000

Revenue

Direct costs

3(a)

501,759

973,625

(245,205)

(661,095)

256,554

312,530

Other revenue

3(a) & 4

46,175

35,221

Other net income

4

47,310

26,520

Valuation gains on investment properties

3(d) & 13

59,305

15,627

Impairment loss on available-for-sale securities

17

(46,281)

(51,992)

Selling and marketing expenses

(25,311)

(45,922)

Administrative expenses

(42,097)

(43,547)

Other operating expenses

(4,628)

(8,522)

Profit from operations

3(b)

291,027

239,915

Share of profits less losses of associates

920

1,063

Share of loss of a joint venture

(5)

Gain on disposal of subsidiaries

4,561

Profit before taxation

6

296,503

240,978

Taxation

7(a)

(51,942)

(38,556)

Profit for the year from continuing operations

244,561

202,422

Discontinued operation

Loss for the year from discontinued operation

5(a)

(7,883)

(9,507)

Profit attributable to equity shareholders of the Company

236,678

192,915

Earnings/(loss) per share - Basic and diluted

- Continuing operations

- Discontinued operation

12

$0.68

$0.57

(0.02)

(0.03)

$0.66

$0.54

The notes on pages 73 to 144 form part of these financial statements. Details of dividends payable to equity shareholders of the Company attributable to the profit for the year are set out in note 10.

66

Hong Kong Ferry (Holdings) Company Limited Annual Report 2016