Annual Report 2021

107 Consolidated Statement of Profit or Loss Miramar Hotel and Investment Company, Limited Annual Report 2021 Consolidated statement of profit or loss for the year ended 31 December 2021 Note 2021 2020 HK$’000 HK$’000 Revenue 9 1,247,025 1,314,605 Cost of food and beverage (86,260) (68,911) Staff costs 3(a) (360,558) (382,991) Utilities, repairs and maintenance and rent (103,092) (91,742) Tour and ticketing costs (7,857) (145,170) Gross profit 689,258 625,791 Other revenue 55,375 192,235 Operating and other expenses 3(d) (163,274) (165,836) Depreciation 10(a) (66,511) (89,806) 514,848 562,384 Finance costs 3(b) (2,235) (3,320) Share of profits less losses of associates 12 180 202 512,793 559,266 Net gain on disposal of properties 18,696 – Other non-operating net gain 3(c) 3,413 1,055 Net decrease in fair value of investment properties 10(a) (112,143) (152,016) Profit before taxation 3 422,759 408,305 Taxation Current 4(a) (90,317) (91,983) Deferred 4(a) 3,211 (7,383) Profit for the year 335,653 308,939 Attributable to: Shareholders of the Company 329,958 301,899 Non-controlling interests 5,695 7,040 335,653 308,939 Earnings per share Basic 8(a) HK$0.48 HK$0.44 Diluted 8(a) HK$0.48 HK$0.44 The notes on pages 116 to 175 form part of these financial statements. Details of dividends payable to shareholders of the Company attributable to the profit for the year are set out in note 7(a).