THE BANK OF EAST ASIA, LIMITED Contents 目錄
Financial Highlights | 1 | 財務摘要 | 99 |
Corporate Information | 2 | 公司資料 | 100 |
Interim Results | 3 | 中期業績 | 101 |
Consolidated Income Statement | 3 | 綜合收益表 | 101 |
Consolidated Statement of | 5 | 綜合全面收益表 | 103 |
Comprehensive Income | |||
Consolidated Statement of Financial | 6 | 綜合財務狀況表 | 104 |
Position | |||
Consolidated Statement of Changes in | 7 | 綜合權益變動表 | 105 |
Equity | |||
Condensed Consolidated Cash Flow | 8 | 簡略綜合現金流量表 | 106 |
Statement | |||
Notes to the Interim Financial Statements | 9 | 中期財務報表附註 | 107 |
Supplementary Financial Information | 66 | 補充財務資料（未經審核） | 164 |
(unaudited) | |||
Independent Review Report | 72 | 獨立審閱報告 | 170 |
Interim Dividend | 73 | 中期股息 | 171 |
Closure of Register of Members | 73 | 暫停辦理股份過戶登記 | 171 |
Financial Review | 73 | 財務回顧 | 171 |
Business Review | 75 | 業務回顧 | 173 |
Risk Management | 81 | 風險管理 | 179 |
Sustainability | 84 | 可持續發展 | 182 |
Changes to Information in respect of | 86 | 董事資料的變動 | 184 |
Directors | |||
Directors' and Co-Chief Executives' Interests | 87 | 董事及聯席行政總裁權益 | 185 |
Information on Share Options | 90 | 認股權資料 | 188 |
Interests of Substantial Shareholders | 95 | 主要股東及其他人士的權益 | 193 |
and Other Persons | |||
Purchase, Sale or Redemption of the Bank's | 97 | 購入、出售或贖回本行的上市證券 | 195 |
Listed Securities | |||
Compliance with Corporate Governance | 97 | 遵守企業管治守則 | 195 |
Code | |||
Compliance with Model Code | 98 | 遵守標準守則 | 196 |
Publication of Interim Report | 98 | 刊發中期報告 | 196 |
Glossary | 197 | 詞彙 | 197 |
FINANCIAL HIGHLIGHTS
For the half year ended
Profitability
Operating profit before impairment lossesProfit attributable to owners of the parent
Earnings Per Share and Dividends Per Share
Basic earnings
Dividends
Key Ratios
30 June | 30 June | 31 December |
2023 | 2022 | 2022 |
HK$ Mn | HK$ Mn | HK$ Mn |
5,688 | 3,712 | 5,018 |
2,636 | 1,499 | 2,860 |
HK$ | HK$ | HK$ |
0.87 | 0.39 | 0.93 |
0.36 | 0.16 | 0.65 |
%
%
%
Return on average assets (annualised)1Return on average equity (annualised)2Cost-to-income ratio3
0.5 4.8 44.7
0.2 0.6
2.2 5.3
54.3 49.0
At period/year endBalance Sheet Strength
HK$ MnHK$ MnHK$ Mn
Total loans and advances to customers and trade billsTotal assets
533,077
554,443 549,543
872,069
908,211 882,825
Total customers' deposits and certificates of deposit issuedTotal equity
662,310
691,221 680,755
Key Ratios
107,319 %
106,325 106,346
%
%
Loan to deposit ratio4Impaired loan ratio5
Common Equity Tier 1 capital ratio6Tier 1 capital ratio6
Total capital ratio6
80.3 | 79.8 | 80.6 |
2.56 | 1.58 | 2.39 |
16.8 | 15.7 | 15.8 |
18.8 | 17.7 | 17.7 |
21.4 | 20.2 | 20.1 |
Notes:
1. Annualised profits attributable to the owners of the parent for the period after deduction of the distributions to Additional Tier 1 issue holders / Monthly average balance of the total assets for the period including last year-end balance.
2. Annualised profits attributable to the owners of the parent for the period after deduction of the distributions to Additional Tier 1 issue holders / Monthly average balance of the total equity attributable to the owners of the parent for the period including last year-end balance.
3. Operating expenses / Operating income.
4. Total gross loans and advances to customers / Total deposits from customers and certificates of deposit issued.
5. Gross impaired loans and advances to customers / Total gross loans and advances to customers.
6. It is computed on a consolidated basis in accordance with Banking (Capital) Rules.
CORPORATE INFORMATION
SPECIAL ADVISOR TO THE BOARD Dr. Isidro FAINÉ CASAS
BOARD OF DIRECTORS
Executive Directors
Dr. the Hon. Sir David LI Kwok-po
(Executive Chairman)
Mr. Adrian David LI Man-kiu
(Co-Chief Executive)
Mr. Brian David LI Man-bun
(Co-Chief Executive)
Non-executive Directors
Professor Arthur LI Kwok-cheung
(Deputy Chairman)
Mr. Aubrey LI Kwok-sing Mr. Winston LO Yau-lai
Mr. Stephen Charles LI Kwok-sze Dr. Daryl NG Win-kong
Mr. Masayuki OKU
Dr. Francisco Javier SERRADO TREPAT
Independent Non-executive Directors
Dr. Allan WONG Chi-yun
(Deputy Chairman)
Dr. the Hon. Rita FAN HSU Lai-tai Mr. Meocre LI Kwok-wing
Dr. the Hon. Henry TANG Ying-yen Dr. Delman LEE
Mr. William Junior Guilherme DOO Dr. David MONG Tak-yeung
SENIOR ADVISOR
Mr. CHAN Tze-ching
SENIOR MANAGEMENT
Mr. Adrian David LI Man-kiu
Co-Chief Executive
Mr. Brian David LI Man-bun
Co-Chief Executive
Mr. Samson LI Kai-cheong
Deputy Chief Executive & Chief Investment Officer
Mr. TONG Hon-shing
Deputy Chief Executive & Chief Operating Officer
COMPANY SECRETARY
Mr. Alson LAW Chun-tak
AUDITOR KPMG
Certified Public Accountants
Public Interest Entity Auditor registered in accordance with the Accounting and Financial Reporting Council Ordinance
SHARE LISTING
The Stock Exchange of Hong Kong Limited
SHARE REGISTRAR
Tricor Standard Limited Telephone: (852) 2980 1333 Facsimile: (852) 2810 8185
ADR DEPOSITARY BANK
BNY Mellon
Telephone: 1-888-BNY-ADRS
E-mail:shrrelations@cpushareownerservices.com
REGISTERED OFFICE
10 Des Voeux Road Central, Hong Kong Telephone: (852) 3608 3608
Facsimile: (852) 3608 6000 Website:www.hkbea.comE-mail:info@hkbea.com
INTERIM RESULTS
The Board of Directors of the Bank is pleased to announce the unaudited results (Note 1(a)) of the Group for the six months ended 30th June, 2023. The interim financial report is prepared on a basis consistent with the accounting policies and methods adopted in the 2022 audited financial statements, except for the accounting policy changes that are expected to be reflected in the 2023 audited financial statements. Details of these changes in accounting policies are set out in Note 2. The interim financial report is unaudited, but has been reviewed by KPMG in accordance with Hong Kong Standard on Review Engagements 2410, Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the HKICPA. KPMG's independent review report to the Board is included on page 72.
Consolidated Income Statement
6 months ended | 6 months ended | ||
30/6/2023 | 30/6/2022 | ||
Notes | HK$ Mn | HK$ Mn | |
Interest income | 3 | 18,856 | 9,658 |
Interest income calculated using the effective interest method | 17,563 | 10,154 | |
Related interest income/(expense) | 1,293 | (496) | |
Interest expense | 4 | (10,811) | (3,828) |
Net interest income | 8,045 | 5,830 | |
Fee and commission income | 5 | 1,807 | 1,751 |
Fee and commission expense | (357) | (311) | |
Net fee and commission income | 1,450 | 1,440 | |
Net trading profit | 6 | 645 | 441 |
Net result on financial instruments at FVTPL | 7 | (116) | 34 |
Net result on financial assets measured at FVOCI | 8 | 68 | (1) |
Net loss on sale of financial assets measured at amortised cost | (6) | - | |
Net hedging profit | 9 | 51 | 67 |
Other operating income | 10 | 139 | 307 |
Non-interest income | 2,231 | 2,288 | |
Operating income | 10,276 | 8,118 | |
Operating expenses | 11 | (4,588) | (4,406) |
Operating profit before impairment losses | 5,688 | 3,712 | |
Impairment losses on financial instruments | 12 | (2,492) | (2,136) |
Impairment losses on premises | 22 | (1) | - |
Impairment losses on intangible assets | (5) | - | |
Impairment losses | (2,498) | (2,136) | |
Operating profit after impairment losses | 3,190 | 1,576 | |
Net profit on sale of assets held for sale | 3 | - | |
Net loss on disposal of subsidiaries/associates | (13) | - | |
Net (loss)/profit on disposal of fixed assets | 13 | (7) | 33 |
Valuation (losses)/gains on investment properties | 22 | (22) | 3 |
Share of profits less losses of associates and joint ventures | 172 | 190 | |
Profit for the period before taxation | 3,323 | 1,802 | |
Income tax | 14 | (685) | (292) |
Profit for the period | 2,638 | 1,510 |
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Disclaimer
BEA - The Bank of East Asia Limited published this content on 19 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 September 2023 10:40:09 UTC.
