CMB_1988 — Page 11

Consolidated Profit and Loss Account For The Year Ended 30th June, 1988

(Expressed in Hong Kong dollars)

TURNOVER

PROFIT BEFORE TAXATION

TAXATION

PROFIT AFTER TAXATION

TRANSFER TO DEVELOPMENT FUND

PROFIT ATTRIBUTABLE TO THE GROUP

UNCLAIMED DIVIDENDS FORFEITED

IN ACCORDANCE WITH ARTICLE 166

RETAINED PROFITS AT 1ST JULY

APPROPRIATIONS:-

ļ

Note

1988

1987

$000's

$000's

2

564,647

545,380

3

89,637

94,705

5(a)

(18,884)

(20,459)

70,753

74,246

14

(22,125)

(27,502)

48,628

46,744

53

84

48,681

46,828

37,773

35,647

86,454

82,475

Transfer to general reserve

Dividends

13

(10,000)

(10,000)

6

(35,627)

(34,702)

(45,627)

(44,702)

RETAINED PROFITS AT 30TH JUNE

13

40,827

37,773

Earnings per share of $2

$1.05

$1.01

The calculation of earnings per share is based on earnings of $48,628,730 (1987: $46,744,331) and 46,268,256 ordinary shares in issue.

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

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