CMB_1997 — Page 22

Profit and Loss Account for the Year Ended 30th June, 1997

(Expressed in Hong Kong dollars)

TURNOVER

OPERATING PROFIT

EXCEPTIONAL NON CASH ITEMS

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

1997

1996

$000's

$000's

2

833,029

773,560

3

260,851

152,479

4

262,251

523,102

152,479

6(a)

(1,237)

(1,481)

521,865

150,998

198

120

522,063

151,118

520,205

553,980

1,042,268

705,098

15

(10,000)

(10,000)

7

(268,818)

(174,893)

(278,818)

(184,893)

15

763,450

520,205