PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31ST DECEMBER, 1988
Note
1988 HK$'000
1987 HK$'000
Turnover
Profit before Taxation
2
1,769,592
1,732,050
3
244,611
268,335
Taxation
5a
48,125
13,478
Profit after Taxation
196,486
254,857
Transfer from/(to) Development Fund
14
64,841
(20,095)
Profit attributable to Shareholders
261,327
234,762
Retained Profits at 1st January
372,307
299,001
633,634
533,763
Appropriations:
Capitalisation on bonus issue
80,728
Dividends
6
181,638
161.456
262,366
161,456
Retained Profits at 31st December
12
371,268
372,307
Earnings per Share
7
65¢
58¢
The notes on pages 40 to 49 form part of these accounts.
37