CMB_1991 — Page 12

Consolidated Profit and Loss Account for the Year Ended 30th June, 1991

(Expressed in Hong Kong dollars)

NOTE

1991

1990

$000's

$000's

TURNOVER

2

695,626 617,668

PROFIT BEFORE EXCEPTIONAL ITEM

3

72,889 96,264

EXCEPTIONAL ITEM

4

(60,700)

PROFIT BEFORE TAXATION

72,889

35,564

TAXATION

6(a)

(9,883)

(13,953)

PROFIT AFTER TAXATION

63,006

21,611

TRANSFER FROM DEVELOPMENT FUND

16

4,862

49,828

PROFIT BEFORE EXTRAORDINARY ITEM

EXTRAORDINARY ITEM

PROFIT ATTRIBUTABLE TO THE GROUP

UNCLAIMED DIVIDENDS FORFEITED IN ACCORDANCE WITH ARTICLE 166

67,868

71,439

7

5,097

72,965

71,439

96

92

73,061

71,531

RETAINED PROFITS AT 1ST JULY

80,824

54,920

153,885

126,451

APPROPRIATIONS:-

Transfer to general reserve

Dividends

RETAINED PROFITS AT 30TH JUNE

Earnings per share of $2

15

40 00

(10,000)

(10,000)

8

(35,627) (35,627)

(45,627) (45,627)

15

108,258

80,824

$1.47

$1.54

The calculation of earnings per share is based on earnings of $67,868,000 (1990: $71,439,000) and 46,268,256 ordinary shares in issue.

The notes on pages 14 to 22 form part of these accounts.

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