242
T
i
HOP SHING KUNG FERRY COMPANY LIMITED
PROFIT AND LOSS STATEMENT for the year ended 31 December
Fares receipts
Motor boat hire receipt
Less: compensation
Rental receipts
1977
1976
$666,206.10
592,320.30
71,214.00
4,090.00
(976.00)
11,400.00
11,400.00
Wages, allowance & food provision to coxes
& sailors: directors $30,240; 30,240
Repairs maintenance & greasing Licenses & certificates
Ferry licenses
Boats inspection fees
Stationery & printing
Rates
$747,844.10 607,810.30
6,920.00.
$308,931.80 155,259.55
218,829.00
167,192.55
1,117.48
2,372.50
60,000.00
60,000.00
2,580.00
457.80
815.60
2,749.97
1,775.00
Water, electricity & telephone Insurance
7,932.84
7,043.79
4,763.20
2,764.40
Interest
6,804.37
2,247.91
Diesel
112,772.60
93,027.40
Anat fee & secletarial services
2,720.00
5,286.00
Legal fee
1,272.00
Boats hire
9,865.60
1,890.00
Miscellaneous ely enses
9,108.00
·5,964.20
Hire charges & expenses paid
1,124.15
685,686.76
578,400.35
.loss on motor
aunches sold
Depreciation on
47.926.71
Motor launches
NET PROFIT/(LOSS) for the year
57,-40.03
70,901.81
4,317.31 (89,418.57)
$7.47,844.10
607,810.30
APPROPIATION STATEMENT for the year f
d 31 December
1977
1276
Last profit, (adverse) balance
Net profit/(loss) for the year
$(96,936.71)
4,317.31
1,172.86 (89,418.57)
$(92,619.40)
(88,245.71)
Provisional tax paid
$3,581.00
10,745.00
Less: overpaid
(3,581.00)
(10,745.00)
75/76 profits tax
8,691.00
(ADVERSE) BALANCE TO NEXT ACCOUNT
(92,619.40)
(96,936.71)
$(92,619.40) (88,245.71)
8097/1sy/wey1