Consolidated Profit and Loss Account For The Year Ended 30th June, 1989
(Expressed in Hong Kong dollars)
Note
1989
1988
$000's
$000's
TURNOVER
PROFIT BEFORE TAXATION
TAXATION
PROFIT AFTER TAXATION
2
557,785
564,647
3
75,966
89,637
5(a)
(12,477)
(18,884)
63,489
70,753
TRANSFER TO DEVELOPMENT FUND
14
(3,863)
(22,125)
PROFIT ATTRIBUTABLE TO THE GROUP
59,626
48,628
UNCLAIMED DIVIDENDS FORFEITED
IN ACCORDANCE WITH ARTICLE 166
RETAINED PROFITS AT 1ST JULY
APPROPRIATIONS:-
94
53
59,720
48,681
40,827
37,773
100,547
86,454
Transfer to general reserve
13
Dividends
36
(10,000)
(10,000)
(35,627)
(35,627)
(45,627)
(45,627)
RETAINED PROFITS AT 30TH JUNE
13
54.920
40,827
Earnings per share of $2
$1.29
$1.05
The calculation of earnings per share is based on earnings of $59,626,614 (1988: $48,628,730) and 46,268,256 ordinary shares in issue.
The notes on pages 14 to 21 form part of these accounts.
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