Annual Report 2023

83 ANNUAL REPORT 2023 CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the year ended 31 December 2023 Note 2023 2022 HK$’million HK$’million Revenue 4 11,482 12,545 Cost of sales (6,327) (6,977) Gross profit 5,155 5,568 Other income and other gains/(losses), net 7 498 (635) Administrative expenses (1,410) (1,516) Finance income 11 444 407 Finance costs 11 (1,774) (1,861) Finance costs, net 11 (1,330) (1,454) Share of profits less losses of Associates 5,269 7,795 Joint ventures 377 317 5,646 8,112 Profit before taxation 8,559 10,075 Taxation 12 (1,174) (1,046) Profit for the year 6 7,385 9,029 Attributable to: Equity holders of the Company 6,233 7,781 Holders of perpetual capital securities 191 229 Non-controlling interests 961 1,019 Profit for the year 7,385 9,029 Earnings per share for profit attributable to equity holders of the Company 14 Basic (HK cents) 153.22 201.52