CITIC Limited Half-Year Report 2019

53 CITIC Limited Half-Year Report 2019 For the six months ended 30 June 2019 5 Revenue As a multi-industry conglomerate, the Group is principally engaged in financial services, resources and energy, manufacturing, engineering contracting, real estate and other businesses. For financial services segment, revenue mainly comprises net interest income, net fee and commission income and net trading gain (Notes 5(a), 5(b) and 5(d)). For non-financial services segment, revenue mainly comprises total invoiced value of sales of goods and services rendered to customers (Note 5(c)). The Group’s customer base is diversified and there is no single customer with which transactions have exceeded 10% of the Group’s revenue. (a) Net interest income Six months ended 30 June 2019 2018 HK$ million HK$ million Interest income arising from(note): Deposits with central banks, banks and non-bank financial institutions 4,383 6,452 Placements with banks and non-bank financial institutions 3,960 5,419 Financial assets held under resale agreements 513 801 Investments in financial assets – Financial assets at amortised cost 22,632 19,125 – Debt investments at fair value through other comprehensive income (“FVOCI”) 11,282 10,015 Loans and advances to customers and other parties 104,851 97,135 Others 85 72 147,706 139,019 Interest expenses arising from: Borrowing from central banks (4,871) (4,942) Deposits from banks and non-bank financial institutions (14,422) (17,209) Placements from banks and non-bank financial institutions (2,233) (2,067) Financial assets sold under repurchase agreements (919) (1,392) Deposits from customers (44,405) (37,074) Debt instruments issued (12,982) (13,973) Lease liabilities (294) N/A Others (119) (149) (80,245) (76,806) Net interest income 67,461 62,213 Note: Interest income includes interest income accrued on credit-impaired financial assets of HK$195 million for the six months ended 30 June 2019 (six months ended 30 June 2018: HK$135 million). Notes to the Consolidated Financial Statements