Annual Report 2019

106 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Consolidated Statement of Profit or Loss For the year ended 31 December 2019 Note 2019 2018 HK$’million HK$’million Revenue 5 8,898 10,160 Cost of sales (5,182) (5,771) Gross profit 3,716 4,389 Other income and other gains, net 8 6,948 3,391 Administrative expenses (1,421) (1,766) Finance income 12 214 319 Finance costs 12 (1,996) (1,909) Finance costs, net 12 (1,782) (1,590) Share of profits less losses of Associates 3,764 4,323 Joint ventures 531 503 4,295 4,826 Profit before taxation 11,756 9,250 Taxation 13 (2,518) (1,295) Profit for the year 7 9,238 7,955 Attributable to: Equity holders of the Company 8,362 7,245 Non-controlling interests 876 710 Profit for the year 9,238 7,955 Dividends 14 2,752 3,162 Earnings per share for profit attributable to equity holders of the Company 15 Basic (HK cents) 247.84 219.54