CMB_1998_Copy2 — 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

122,208

90,434

Exceptional items

(98,227)

339,202

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)

63,870 311,457 267,808

(1,607) (14,383) (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

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

Representing:-

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 Contingency reserves

Funds employed

Earnings per share

Dividend per share

67,621 128,892

78,129

72,928 84,888

101,361

169,581

260,369 245,346

226,359

4,299,140 4,379,110 2,151,894 2,261,341

1,948,571

$3.83

$58.82

$1.35

$6.42

$5.58

$4.40

$5.81

$3.78

$1.92

$1.75

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