Annual Report 2019

CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the year ended 31 March 2019 ANNUAL REPORT 2019 151 2019 2018 NOTES HK$’000 HK$’000 Revenue 7 6,842,319 5,831,127 Cost of sales and services (3,835,645) (2,854,767) Depreciation and amortisation of hotel and car park assets (397,075) (342,125) Gross profit 2,609,599 2,634,235 Other income 65,880 32,321 Other gains and losses 8 978,918 504,558 Administrative expenses – Hotel operations and management (463,766) (387,941) – Others (363,396) (272,669) Pre-operating expenses –Hotel operations and management (1,541) (7,096) Selling and marketing expenses (165,509) (128,139) Share of results of associates 17,803 9,819 Share of results of joint ventures 2,122 – Finance costs 9 (367,624) (228,955) Profit before tax 2,312,486 2,156,133 Income tax expense 10 (543,761) (570,735) Profit for the year 11 1,768,725 1,585,398 Attributable to: Shareholders of the Company 1,713,659 1,566,722 Non-controlling interests 55,066 18,676 1,768,725 1,585,398 Earnings per share 12 Basic (HK cents) 74 69 Diluted (HK cents) 74 69