CMB_1990 — Page 23

Consolidated Profit and Loss Account For The Year Ended 30th June, 1990

(Expressed in Hong Kong dollars)

Note

1990

1989

$000's

$000's

TURNOVER

2

617,668

557,785

PROFIT BEFORE EXCEPTIONAL ITEM

3

96,264

75,966

EXCEPTIONAL ITEM

4

(60,700)

PROFIT BEFORE TAXATION

35,564

75,966

TAXATION

6(a)

(13,953)

(12,477)

PROFIT AFTER TAXATION

21.611

63,489

TRANSFER FROM/(TO) DEVELOPMENT FUND

15

49.828

(3,863)

PROFIT ATTRIBUTABLE TO THE GROUP

71,439

59,626

UNCLAIMED DIVIDENDS FORFEITED

IN ACCORDANCE WITH ARTICLE 166

RETAINED PROFITS AT 1ST JULY

APPROPRIATIONS:-

92

94

71,531

59,720

54,920

40,827

126,451

100.547

Transfer to general reserve

Dividends

14

47

(10,000)

(10,000)

(35,627)

(35,627)

(45,627)

(45.627)

RETAINED PROFITS AT 30TH JUNE

14

80,824

54,920

Earnings per share of $2

$1.54

$1.29

The calculation of earnings per share is based on earnings of $71,439,000 (1989: $59,626,000) and 46,268,256 ordinary shares in issue.

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

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