Financial Summary
(Expressed in Hong Kong dollars)
2001
2000
1999
1998
1997
$000's
$000's
(restated) $000's
(restated) (restated) $000's $000's
CONSOLIDATED PROFIT AND LOSS ACCOUNT
Turnover
67,627
52,287
157,967
859,817 833,029
Operating profit
166,593
177,483
198,722
211,886
68,238
Prior year adjustment (note 1)
1,329
(2,311)
652
Restated amount
166,593
177,483
200,051
209,575
68,890
Recognition of deferred profits (note 2)
22,572
Provision for insurance written back (note 2)
11,707 264,702 74,500
Gain/(loss) on discontinued operation (note 2)
20,095 (7,454)
Provision for diminution in value of interest
in jointly controlled entity (note 2)
(35,328) (102,480)
Profit from ordinary activities
166,593
177,483
207,390
111,348 408,092
Share of profits of jointly controlled entities
105,650
28,209
119,210
73,085 2,778,807
Profit before taxation
272,243
205,692
326,600
184,433 3,186,899
Taxation
(12,437)
25,371
21,363
(9,441) (464,893)
Profit after taxation and attributable to the group
259,806
231,063
347,963
174,992 2,722,006
CONSOLIDATED BALANCE SHEET
Fixed assets
1,127,788
914,796
530,207
Interest in jointly controlled entities
1,159,557
1,211,364
1,148,992
559,732 1,290,136
349,774 3,142,827
Other investments (note 1)
1,451
Net current assets
2,086,236
1,229 2,245,390
2,098 2,634,880
769
3,080
2,449,231
886,468
Employment of funds
4,375,032
4,372,779
4,316,177 4,299,868 4,382,149
Representing:-
Share capital
91,806
Reserves (note 1)
3,774,928
92,537 3,757,644
92,537 92,537 92,537 3,689,742 3,537,048 3,556,425
Shareholders' funds
3,866,734
Deferred profits
451,198
3,850,181 451,198
3,782,279 3,629,585 3,648,962
451,198 473,770
485,477
Deferred liabilities
Contingency reserves
Funds employed
Earnings per share
Dividend
per
share
57,100
4,375,032
$5.64
$3.20
71,400
4,372,779
$4.99
67,621 82,700 128,892
78,129
169,581
4,316,177 4,299,868 4,382,149
$7.52
$3.78 $58.83
$4.16
$3.05
$4.40
$5.81
Notes:
1.
2.
Figures for the years 1997 to 1999 have been restated pursuant to the adoption of Statement of Standard Accounting Practice 24 ("SSAP 24") "Accounting for investments in securities”.
Pursuant to the revised (May 1999) Statement of Standard Accounting Practice 2 ("SSAP 2") "Net profit or loss for the period, fundamental errors and changes in accounting policies", items previously reported as exceptional have been disclosed separately in accordance with their nature.
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