Page 151 - URA Annual Report 2021-22
P. 151
(expressed in Hong Kong Dollars)
6. Operating surplus before income tax (Continued)
Operating surplus before income tax is arrived at after charging/(crediting) the following items: (Continued)
(a) Other items (Continued)
Impairment on properties
- Write back of provision for impairment on properties held
for sale
- Provision for impairment on property, plant and equipment - Provision for/(write back of provision for) impairment on
properties under development
Interest expenses
- Interest on lease liabilities
- Less: Interest on lease liabilities capitalised#
- Interest expenses on debt securities issued - Less: Interest expenses capitalised#
2022 $’000
(8,679) 242,631
438,500
672,452 2,342
(1,431) 911
32,240 (32,240)
2021 $’000
(2,460) 165,444
(263,900)
(100,916) 3,350
(1,909) 1,441
42,411 (42,411)
--
911 1,441
* Including salaries and other benefits of $453,383,000 (2020/21: $431,244,000) and contribution to provident fund scheme of $31,813,000 (2020/21: $31,711,000).
^ Excluding depreciation of $1,006,000 (2020/21: $1,315,000) and finance cost of $15,000 (2020/21: $22,000) for properties leased for own use.
#
The borrowing costs have been capitalised at rates ranging from 2.15% to 3.85% per annum (2020/21: 1.64% to 3.85% per annum).
URA ANNUAL REPORT 2021-22 145
