CMB_1996 — Page 20

Profit and Loss Account for the Year Ended 30th June, 1996

(Expressed in Hong Kong dollars)

TURNOVER

PROFIT BEFORE TAXATION

TAXATION

PROFIT AFTER TAXATION AND ATTRIBUTABLE TO SHAREHOLDERS UNCLAIMED DIVIDENDS FORFEITED IN ACCORDANCE WITH ARTICLE 166

RETAINED PROFITS AT 1ST JULY

APPROPRIATIONS:-

Transfer to general reserve Dividends

RETAINED PROFITS AT 30TH JUNE

The notes on pages 20 to 30 form part of these accounts.

16

NOTE

1996

1995

$000's

$000's

2

773,560

785,433

3

152,479

83,260

6(a)

(1,481)

(14,262)

150,998

68,998

120

144

151,118

69,142

553,980

583,673

705,098

652,815

15

(10,000)

(10,000)

7

(174,893)

(88,835)

(184,893)

(98,835)

15

520,205 553,980

;Page 21

Balance Sheet at 30th June, 1996

(Expressed in Hong Kong dollars)

FIXED ASSETS

INTEREST IN SUBSIDIARIES

CURRENT ASSETS CURRENT LIABILITIES

NET CURRENT ASSETS

Representing:- SHARE CAPITAL RESERVES

DEFERRED PROFITS

DEFERRED LIABILITIES

CONTINGENCY RESERVES