Annual Report 2019

ANNUAL REPORT 2019 209 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS For the year ended 31 March 2019 11. PROFIT FOR THE YEAR 2019 2018 HK$’000 HK$’000 Profit for the year has been arrived at after charging: Cost of properties sold recognised as an expense – Over time 854,492 – – At point of time 1,589,434 1,725,470 2,443,926 1,725,470 Auditor’s remuneration 16,261 10,131 Depreciation 397,311 345,756 Amortisation of prepaid lease payments 10,387 9,626 Amortisation of investment in a joint venture (included in share of results of joint ventures) – 2,420 Amortisation of contract cost 94,781 – Staff costs (included HK$477,927,000 (2018: HK$396,514,000) in cost of sales and services) – Directors’ emoluments (note 14(a)) 20,788 21,210 – Other staffs 872,819 713,603 893,607 734,813 Share of taxation of associates (included in share of results of associates) 1,556 1,540 and after crediting: Rental income, net of outgoings of HK$30,758,000 (2018: HK$10,558,000) 124,573 128,445 Bank interest income 16,654 16,930