MILLIONS
F
YEAR
Average net assets employed
LOCAL FERRY OPERATION RESULTS
1987
1988
1989
1990
1991
HK$'000
HK$'000
HK$'000
HK$'000
HK$'000
386,819
397,180
393,353
393,987
387,017
Profit before taxation
45,565
47.657
44.941
9.029
36,434
Less Taxation (Notional tax at standard rate)
(8,202)
(8,102)
(7,415)
(1,490)
(6,012)
Profit after taxation
37.363
39,555
37.526
7,539
30,422
Return on average net assets employed
1.
LOCAL FERRY OPERATION
2.
INSIDE HARHOUR
OUTLYING DISTRICTS
3.
GOODS VEHICLES
PRIVATE CARS
9.66%
9.96%
9.54%
1.91%
7.86%
$MILLIONS
1.
PROFIT BEFORE TAXATION
48
46
45
1987 1988 1989 1990 1991
2. NUMBER OF
PASSENGERS CARRIED
3. NUMBER OF
VEHICLES CARRIED
50.6
49.0
43.7
15.5 16.3
32.4
28.4
17.7 18.2 18.4
1987 1988 1989 1990 1991
30
MILLIONS
3.7
3.3
3.1
1.8
1.5
1.7
1.8 1.7
1.0
1.0
1987 1988 1989 1990 1991
36