CMB_1997_Copy2 — Page 35

Financial Summary

(Expressed in Hong Kong dollars)

1997

1996

1995

1994

1993

$000's

$000's

$000's

$000's

$000's

CONSOLIDATED PROFIT AND LOSS ACCOUNT

Turnover

833,029

773,560

785,433

761,140 814,543

Profit before exceptional items

68,238

64,004

Exceptional items

339,202

122,208 90,434 189,442 177,374

91,351

Profit from ordinary activities

407,440

64,004

311,650

267,808 91,351

Share of profit/(losses) of associated companies

2,778,807

(134)

(193)

Profit before taxation (Note 1)

3,186,247

63,870

311,457

267,808

91,351

Taxation

(464,893)

(1,607)

(14,383)

(9,730) (22,235)

Profit after taxation

2,721,354

62,263

297,074

258,078

69,116

Transfer from development fund

—

13,040

Profit attributable to the group

2,721,354

62,263

297,071

258,078

82,156

Note 1: Group profit before taxation for the year ended 30th June, 1995, 1996 and 1997 comprises the group's share of the results of

its associated companies which were not accounted for in earlier years.

CONSOLIDATED BALANCE SHEET

Fixed assets

Interest in associated companies

Investments

Net current assets

Employment of funds

349,774 3,142,827 41 886,468

4,379,110

330,878 1,139,337

31 681,648

310,797 1,139,471 31 811,042

408,980 588,053

320,172

402,945

31 951,507

31 833,636

2,151,894

2,261,341 1,948,571 1,556,784

Representing:-

Share capital

92,537

92,537

Reserves

3,553,386

975,881

92,537 1,088,391

92,537 92,537

967,577

702,764

Shareholders' funds

3,645,923

1,068,418

1,180,928

1,060,114

795,301

Deferred profits

485,477

750,179

750,179

560,737

383,364

Deferred liabilities

78,129

Contingency reserves

169,581

72,928 260,369

84,888 245,346

101,361

176,119

226,359 202,000

Funds employed

4,379,110

2,151,894

2,261,341 1,948,571 1,556,784

Earnings per share

$58.82

$1.35

$6.42

$5.58

$1.78

Dividend

per

share

$5.81

$3.78

$1.92

$1.75

$1.91

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