CMB_1989 — Page 17

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

2

557,785

564,647

3

74,411

88,309

5(a)

(12,230)

(18,664)

PROFIT AFTER TAXATION

62,181

69,645

TRANSFER TO DEVELOPMENT FUND

14

(3,863)

(22,125)

PROFIT ATTRIBUTABLE TO THE COMPANY

58,318

47,520

UNCLAIMED DIVIDENDS FORFEITED

IN ACCORDANCE WITH ARTICLE 166

RETAINED PROFITS AT 1ST JULY

94

53

58,412

47,573

38,167

36,221

96,579

83,794

APPROPRIATIONS:-

Transfer to general reserve Dividends

13

ជាធ

(10,000)

(10,000)

(35,627)

(35,627)

(45,627)

(45,627)

RETAINED PROFITS AT 30TH JUNE

13

50.952

38,167

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

11