CITIC Limited Half-Year Report 2020

51 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Notes to the Consolidated Financial Statements 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 2020 2019 HK$ million HK$ million Interest income arising from(note): Deposits with central banks, banks and non-bank financial institutions 5,091 4,383 Placements with banks and non-bank financial institutions 2,864 3,960 Financial assets held under resale agreements 534 513 Investments in financial assets – Financial assets at amortised cost 22,026 22,632 – Debt investments at fair value through other comprehensive income (“FVOCI”) 11,359 11,282 Loans and advances to customers and other parties 114,193 109,655 Others 3 85 156,070 152,510 Interest expenses arising from: Borrowing from central banks (3,997) (4,871) Deposits from banks and non-bank financial institutions (13,678) (14,422) Placements from banks and non-bank financial institutions (1,519) (2,233) Financial assets sold under repurchase agreements (1,156) (919) Deposits from customers (50,790) (44,405) Debt instruments issued (11,484) (12,982) Lease liabilities (265) (294) Others (95) (119) (82,984) (80,245) Net interest income 73,086 72,265 Note: Interest income includes interest income accrued on credit-impaired financial assets of HK$191 million for the six months ended 30 June 2020 (six months ended 30 June 2019: HK$195 million).