Consolidated Profit and Loss Account For The Year Ended 30th June, 1990
(Expressed in Hong Kong dollars)
Note
1990
1989
$000's
$000's
TURNOVER
2
617,668
557,785
PROFIT BEFORE EXCEPTIONAL ITEM
3
96,264
75,966
EXCEPTIONAL ITEM
4
(60,700)
PROFIT BEFORE TAXATION
35,564
75,966
TAXATION
6(a)
(13,953)
(12,477)
PROFIT AFTER TAXATION
21.611
63,489
TRANSFER FROM/(TO) DEVELOPMENT FUND
15
49.828
(3,863)
PROFIT ATTRIBUTABLE TO THE GROUP
71,439
59,626
UNCLAIMED DIVIDENDS FORFEITED
IN ACCORDANCE WITH ARTICLE 166
RETAINED PROFITS AT 1ST JULY
APPROPRIATIONS:-
92
94
71,531
59,720
54,920
40,827
126,451
100.547
Transfer to general reserve
Dividends
14
47
(10,000)
(10,000)
(35,627)
(35,627)
(45,627)
(45.627)
RETAINED PROFITS AT 30TH JUNE
14
80,824
54,920
Earnings per share of $2
$1.54
$1.29
The calculation of earnings per share is based on earnings of $71,439,000 (1989: $59,626,000) and 46,268,256 ordinary shares in issue.
The notes on pages 14 to 21 form part of these accounts.
9