Consolidated Profit and Loss Account For The Year Ended 30th June, 1986

(Expressed in Hong Kong dollars)

Note

1986

1985

S000's

S000's

TURNOVER

PROFIT BEFORE TAXATION

TAXATION

2

501,362

526.552

3

30,011

89.827

5(a)

(9,506)

(21.623)

PROFIT AFTER TAXATION

20,505

68.204

TRANSFER FROM/(TO) DEVELOPMENT FUND

14

27,339

(17.547)

PROFIT ATTRIBUTABLE TO THE GROUP

47,844

50.657

UNCLAIMED DIVIDENDS FORFEITED

IN ACCORDANCE WITH ARTICLE 166

RETAINED PROFITS AT 1ST JULY

APPROPRIATIONS:~

Transfer to general reserve

Dividends

RETAINED PROFITS AT 30TH JUNE

Earnings per share of $2

36

13

13

35

35

47,879

50.692

30.619

23.702

78,498

74.394

(10,000)

(10.000)

(32,851)

(33.775)

(42.851)

(43,775)

35.647

30.619

$1.03

$1.09

The calculation of earnings per share is based on earnings of $47,844.948 (1985: $50,656,077) and 46.268.256 ordinary shares in issue.

The notes on pages 15 to 21 form part of these accounts.

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