CMB_1987 — Page 11

Consolidated Profit and Loss Account For The Year Ended 30th June, 1987

(Expressed in Hong Kong dollars)

Note

1987

1986

$000's

$000's

TURNOVER

PROFIT BEFORE TAXATION

TAXATION

2

545,380

501,362

3

94,705

30,011

5(a)

(20,459)

(9,506)

PROFIT AFTER TAXATION

74,246

20,505

TRANSFER (TO)/FROM DEVELOPMENT FUND

14

(27,502)

27,339

PROFIT ATTRIBUTABLE TO THE GROUP

46,744

47,844

UNCLAIMED DIVIDENDS FORFEITED

IN ACCORDANCE WITH ARTICLE 166

RETAINED PROFITS AT 1ST JULY

APPROPRIATIONS:-

84

35

46,828

47,879

35,647

30,619

82,475

78,498

Transfer to general reserve

13

(10,000)

(10,000)

Dividends

6

(34,702)

(32,851)

(44,702)

(42,851)

RETAINED PROFITS AT 30TH JUNE

13

37,773

35,647

Earnings per share of $2

$1.01

$1.03

The calculation of earnings per share is based on earnings of $46,744,331 (1986: $47,844,948) and 46,268,256 ordinary shares in issue,

The notes on pages 14 to 21 form part of these accounts.

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