CHAIRMAN'S
STATEMENT
主席報告
RESULTS FOR 1990
I wish to report that the Company's bus
operating profit attributable to Shareholders
for the financial year ended 31st December, 1990, amounted to $266.7 million (1989: $265.4 million, which included an
extraordinary item of $9.9 million representing profit arising from the disposal of the premises previously used as the Company's medical centre). Earnings per share for the year were 66 cents (1989: 63 cents before the extraordinary item).
With effect from 1st January, 1990, the annual rates of depreciation of certain fixed assets have been revised in accordance with
an amendment to the franchise. The purpose of the revision is to bring the rates of
depreciation closer to the practical useful lives of the respective fixed assets. As a result of
these changes, depreciation charges for the
year have been reduced by $86.4 million.
The bus operating profit of $266.7 million
for the year falls short of the permitted return by
$15.4 million. Together with the shortfall of
$26.1 million brought forward from the
previous years, the accumulated shortfall
amounts to $41.5 million which is recoverable
from the future balance of the Development Fund.
DIVIDEND
At the forthcoming Ordinary Yearly Meeting, the Directors will recommend the payment of a final dividend of 39 cents per share for the year ended 31st December, 1990 (1989: 35
一九九零年業績
本人謹宣佈截至一九九零年十二月 三十一日止之財政年度,歸屬本公司股東 之經營巴士盈利為二億六千六百七十萬元 ( 一九八九年為二億六千五百四十萬元, 包括出售原用作本公司醫療中心之物業
所帶來之九百九十萬元非經常性收益)。 本年度每股盈利為六角六仙(一九八九 年度未計非經常性項目前之每股盈利為
六角三仙 )。
自一九九零年一月一日起,本公司已對 若干固定資產折舊率按照新修訂之 專利合約作出調整。修改之目的為使該等 固定資產折舊率更為接近其實際可用 年限。此等修改導致本年度之折舊額
減少八千六百四十萬元。
本年度經營巴士之盈利為二億六千六百 七十萬元,較之許可盈利尙欠一千五百 四十萬元。連同往年所欠之二千六百 一十萬元,累積欠額達四千一百五十
萬元,此次額將從未來之發展基金結餘
撥付。
股息
在即將舉行之股東週年常會上,董事會將 建議派發截至一九九零年十二月三十一日 止年度之末期息每股三角九仙(一九八九 年度為每股三角五仙)。本年度中期股息
每股一角三仙已於一九九零年十月十五日 派發(一九八九年爲每股一角三仙 )。
因此全年派息為每股五角二仙,派息總數
爲二億零九百九十萬元。
cents per share). An interim dividend of 13
cents per share was paid on 15th October,
1990 (1989 : 13 cents per share), thus the
dividends for the year will amount to 52 cents
per share totalling $209.9 million.