CMB_1998_Copy2 — Page 22

Profit and Loss Account for the Year Ended 30th June, 1998

(Expressed in Hong Kong dollars)

TURNOVER

OPERATING PROFIT

EXCEPTIONAL 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 21 to 32 form part of these accounts.

17

NOTE

1998

1997

$000's

$000's

2

859,817

833,029

3

201,308

260,851

4

850

262,251

202,158

523,102

6(a)

45

(1,237)

202,203 112

521,865

198

202,315

522,063

763,450 520,205

965,765

1,042,268

15

67

(10,000) (10,000)

(203,580)

(268,818)

(213,580)

(278,818)

15

752,185

763,450