CMB_1998 — Page 38

Financial Summary

(Expressed in Hong Kong dollars)

1998

1997

1996

1995

1994

$000's

$000's

$000's

$000's

$000's

CONSOLIDATED PROFIT AND LOSS ACCOUNT

Turnover

859,817

833,029

773,560

785,433 761,140

Profit before exceptional items

211,886

68,238

64,004

Exceptional items

(98,227)

339,202

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

Profit from ordinary activities

113,659

407,440

64,004

311,650

267,808

Share of profits/(losses) of associated companies

73,085 2,778,807

(134)

(193)

Profit before taxation (Note 1)

186,744

3,186,247

Taxation

(9,441)

(464,893)

63,870 311,457

(1,607) (14,383)

267,808

(9,730)

Profit after taxation and attributable to the group

177,303

2,721,354

62,263 297,074 258,078

Note 1: Group profit before taxation for the year ended 30th June, 1995, 1996, 1997 and 1998 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

Representing:-

559,732 1,290,136

41 2,449,231

349,774 3,142,827

41 886,468

330,878 1,139,337

31 681,648

310,797 1,139,471

408,980

588,053

31 811,042

31 951,507

4,299,140

4,379,110

2,151,894 2,261,341

1,948,571

Share capital

92,537

92,537

92,537

Reserves

3,536,320

3,553,386

975,881

92,537 1,088,391

92,537

967,577

Shareholders' funds

3,628,857

3,645,923

1,068,418

1,180,928 1,060,114

Deferred profits

473,770

485,477

750,179 750,179

560,737

Deferred liabilities

67,621

Contingency reserves

128,892

78,129 169,581

72,928 84,888

101,361

260,369

245,346

226,359

Funds employed

4,299,140

4,379,110

2,151,894 2,261,341 1,948,571

Earnings per share

$3.83

$58.82

$1.35

$6.42

$5.58

Dividend per share

$4.40

$5.81

$3.78

$1.92

$1.75

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