CITIC Limited Half-Year Report 2020

31 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Consolidated Income Statement Unaudited Six months ended 30 June 2020 2019 Note HK$ million HK$ million Interest income 156,070 152,510 Interest expenses (82,984) (80,245) Net interest income 5(a) 73,086 72,265 Fee and commission income 33,581 33,490 Fee and commission expenses (2,865) (3,365) Net fee and commission income 5(b) 30,716 30,125 Sales of goods and services 5(c) 138,794 165,233 Other revenue 5(d) 13,206 9,553 152,000 174,786 Total revenue 255,802 277,176 Cost of sales and services 6,9 (116,566) (135,753) Other net income 7 3,913 2,165 Expected credit losses (53,025) (39,877) Impairment losses (1,318) (311) Other operating expenses 9 (42,377) (47,938) Net valuation (loss)/gain on investment properties (110) 342 Share of profits of associates, net of tax 4,836 4,394 Share of profits of joint ventures, net of tax 501 2,185 Profit before net finance charges and taxation 51,656 62,383 Finance income 1,037 1,355 Finance costs (6,149) (6,544) Net finance charges 8 (5,112) (5,189) Profit before taxation 9 46,544 57,194 Income tax 10 (8,635) (10,024) Profit for the period 37,909 47,170