87
2014 ANNUAL REPORT
18 Operating profit
2014
2013
a) Interest income
Advances
2,113,038
2,101,978
Investment securities
331,452
337,418
Liquid assets
76,656
77,765
2,521,146
2,517,161
b) Interest expense
Customers’current, savings and deposit accounts
172,908
215,653
Other fund raising instruments and debt securities in issue
130,132
120,668
Other interest bearing liabilities
54
174
303,094
336,495
c) Other income
Fees and commission from trust and other fiduciary activities
234,199
272,712
Other fees and commission income
495,455
538,263
Net exchange trading income
226,108
226,400
Dividends
681
464
Gains from disposal of available-for-sale investments
341,652
25,598
Other operating income
188,887
193,162
1,486,982
1,256,599
d) Operating expenses
Staff costs
701,845
635,437
Staff profit sharing - Note 26(a)
108,812
104,668
Employee benefits pension and medical contribution - Note 9(g)
65,530
38,271
General administrative expenses
607,722
551,097
Operating lease payments
46,479
43,127
Property related expenses
122,639
110,116
Depreciation expense - Note 7
150,789
154,209
Advertising and public relations expenses
66,141
69,567
Goodwill impairment expense - Note 8
185,000
–
Directors’ fees
6,539
5,411
2,061,496
1,711,903
e) Non-cancellable operating lease commitments
Within one year
31,501
31,587
One to five years
32,023
39,392
Over five years
8,150
12,392
71,674
83,371
