TNAG-0859-FCO40-1069-Legislation-for-ferry-services-in-Hong-Kong-1979 — Page 29

0003230 G.F.

CONFIDENTIAL

TRANSPORT ADVISORY COMMITTEE

Actual Financial Positions of HYFC, 1975 -

Actual Results

(1) Relative Contribution

to overheads

Annex A

78

1975

000

1976

1977

1978

1000

000

'00

%

Cross Harbour Vehi- | 10,053 115. cular Ferry Services

- Cross Harbour

Passenger Ferry Services

Outlying Districts

(2) Net Ferry profits

Profit from non ferry

operations

7,104

61

7,348 38

6,875 135

424

5 5,72249

2,841 41

10,096 151

(1,728) (20) (1,123)(10) 8,749 100 11,703100

1,003 16 1,959 25. 5,215 84 5,728 25

4,075 21 2,933 14

19,264 10 19,904

6,95256 9,075 58 5,49844 6,537 42

Total pre-tax profits

6,218 100 7,587 104

12,450 10 15,612 100

(3) Net ferry profits

1,003

1,959

6,952

9,075

Tax

173

1.182

1,196

1,003

1,786

5,770

7,879

(4) Average net-fixed

114,504

131,500

131,185

135.438

assets

(5) Rate of return

.910

1.4%

4.4%

5.8%

Source: Financial Monitoring Unit, Economic Services Branch

CONFIDENTIAL