URA

96 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME for the year ended 31 March 2018 (expressed in Hong Kong Dollars) Note 2018 2017 $’000 $’000 Revenue 5(a) 13,867,908 5,034,519 Direct costs (2,178,487) (2,441,350) Gross surplus 11,689,421 2,593,169 Other income, net 5(b) 451,035 290,429 Administrative expenses (422,659) (418,277) Other expenses 6(c) (205,502) (153,460) Write back of provision for impairment on  properties and committed projects, net 525,567 830,796 Operating surplus before income tax 6 12,037,862 3,142,657 Income tax expenses 7(a) – – Surplus and total comprehensive income for the year 12,037,862 3,142,657 The notes on pages 101 to 138 form part of these consolidated financial statements.