Financial Summary

(Expressed in Hong Kong dollars)

1996

1995

1994

1993

1992

$000's

$000's

$000's

$000's

$000's

CONSOLIDATED PROFIT AND LOSS ACCOUNT

Turnover

773,560

785,433

761,140

814,543 792,403

Profit before exceptional item

64,004

122,208

90,434

91,351

124,018

Exceptional item

189,442

177,374

(11,988)

Profit from ordinary activities

64,004

311,650

267,808

91,351

112,030

Share of losses of associated companies

(134)

(193)

Profit before taxation

63,870

311,457

267,808 91,351 112,030

Taxation

(1,607)

(14,383)

(9,730)

(22,235) (19,715)

Profit after taxation

62,263

297,074

258,078

69,116

92,315

Transfer from/(to) development fund

13,040 (13,040)

Profit before extraordinary items (Note 1)

62,263

297,074

258,078

82,156

79,275

Extraordinary items

575,047

Profit attributable to the group

62,263

297,074

258,078

82,156

654,322

Notes 1: Group profit before extraordinary items for the year ended 30th June, 1994 and 1995 comprises the results of certain types of

transactions which were separately stated as extraordinary items in earlier years.

2: Group profit before taxation for the year ended 30th June, 1995 and 1996 comprises the group's share of the results of its

associated companies which were not accounted for in earlier years.

CONSOLIDATED BALANCE SHEET

Fixed assets

Interest in associated companies

Investments

Net current assets

Employment of funds

Representing:-

330,878 1,139,337

31 681,648

2,151,894

310,797 1,139,471

408,980

320,172

302,709

588,053

402,945

402,945

31 811,042

31 951,507

31 833,636

31 804,465

2,261,341

1,948,571

1,556,784 1,510,150

Share capital

92,537

92,537

92,537

92,537

92,537

Reserves

975,881

1,088,391

967,577 702,764

708,856

Shareholders' funds

1,068,418

1,180,928

1,060,114 795,301

801,393

Deferred profits

750,179

750,179

560,737 383,364

383,364

Development fund

13,040

Deferred liabilities

72,928

Contingency reserves

260,369

84,888 245,346

101,361 176,119 152,353 226,359 202,000 160,000

Funds employed

2,151,894

2,261,341

1,948,571 1,556,784 1,510,150

Earnings per share

$1.35

$6.42

$5.58

$1.78

$1.71

Dividend

per

share

$3.78

$1.92

$1.75

$1.91

$4.19

31

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