CMB_1989 — Page 15

Consolidated Profit and Loss Account For The Year Ended 30th June, 1989

(Expressed in Hong Kong dollars)

Note

1989

1988

$000's

$000's

TURNOVER

PROFIT BEFORE TAXATION

TAXATION

PROFIT AFTER TAXATION

2

557,785

564,647

3

75,966

89,637

5(a)

(12,477)

(18,884)

63,489

70,753

TRANSFER TO DEVELOPMENT FUND

14

(3,863)

(22,125)

PROFIT ATTRIBUTABLE TO THE GROUP

59,626

48,628

UNCLAIMED DIVIDENDS FORFEITED

IN ACCORDANCE WITH ARTICLE 166

RETAINED PROFITS AT 1ST JULY

APPROPRIATIONS:-

94

53

59,720

48,681

40,827

37,773

100,547

86,454

Transfer to general reserve

13

Dividends

36

(10,000)

(10,000)

(35,627)

(35,627)

(45,627)

(45,627)

RETAINED PROFITS AT 30TH JUNE

13

54.920

40,827

Earnings per share of $2

$1.29

$1.05

The calculation of earnings per share is based on earnings of $59,626,614 (1988: $48,628,730) and 46,268,256 ordinary shares in issue.

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

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