CITIC Limited Half-Year Report 2020

54 CITIC Limited Half-Year Report 2020 For the six months ended 30 June 2020 Notes to the Consolidated Financial Statements 8 Net finance charges Six months ended 30 June 2020 2019 HK$ million HK$ million Finance costs – Interest on bank and other loans 2,962 3,310 – Interest on debt instruments issued 3,002 2,844 – Interest and finance charges paid for lease liabilities 299 332 6,263 6,486 Less: interest expense capitalised (250) (90) 6,013 6,396 Other finance charges 136 148 6,149 6,544 Finance income (1,037) (1,355) 5,112 5,189 9 Profit before taxation Profit before taxation is arrived at after charging below costs and expenses in cost of sales and services and other operating expenses: (a) Staff costs Six months ended 30 June 2020 2019 HK$ million HK$ million Salaries and bonuses 19,604 23,611 Contributions to defined contribution retirement schemes 1,406 2,285 Others 3,399 4,591 24,409 30,487