CONSOLIDATED STATEMENT OF PROFIT OR LOSS For the year ended 31st December 2022 2022 2021 Note HK$M HK$M Restated Revenue 4 13,826 16,318 Cost of sales 5 (4,303) (5,801) Gross profit 9,523 10,517 Administrative and selling expenses (1,713) (1,888) Other operating expenses (186) (200) Other net gains 6 79 1,231 Gains on disposal of subsidiary companies 43(c) 520 121 Change in fair value of investment properties 801 (1,947) Operating profit 9,024 7,834 Finance charges (359) (607) Finance income 172 230 Net finance charges 10 (187) (377) Share of profit less losses of joint venture companies 1,443 1,868 Share of profit less losses of associated companies 12 (82) Profit before taxation 10,292 9,243 Taxation 11 (2,065) (1,964) Profit for the year 8,227 7,279 Profit for the year attributable to: The Company’s shareholders 36 7,980 7,112 Non-controlling interests 38 247 167 8,227 7,279 HK$ HK$ Earnings per share from profit attributable to the Company’s shareholders (basic and diluted) 14 1.36 1.22 The above consolidated statement of profit or loss should be read in conjunction with the accompanying notes. 134