Profit and Loss Accounts
For the year ended 31 December 1996
Turnover
The Group
The Company
Note
1996
1996
HK$'000
HK$'000
1995
HK$'000
2
4,451,549
4,451,549
3,973,143
Operating profit
3
588,580
586,223
540,222
Share of profits less losses of associated
companies
(113)
Profit before taxation
588,467
586,223
540,222
Taxation
6(a)
(62,488)
(62,488)
(77,163)
Profit after taxation
525,979
523,735
463,059
Transfer from/(to) development fund
17
1,764
1,764
(1,988)
Profit attributable to shareholders
527,743
525,499
461,071
Appropriations:
Dividends
7
(419,785)
(419,785)
(367,312)
Retained profit for the year
107,958
105,714
93,759
Retained profits at 1 January
1,063,049
1,063,049
969,290
Retained profits at 31 December
15
1,171,007
1,168,763
1,063,049
Earnings per share
Profit for the year is retained as follows:
By the Company and its subsidiary
By associated companies
The notes on pages 47 to 61 form part of these accounts.
43
8
$1.31
108,071
(113)
107,958
$1.14