TNAG-0955-FCO40-1174-Legislation-for-traffic-on-roads-in-Hong-Kong-1980 — Page 248

Annex B

PEAK TRAMWAYS COMPANY LIMITED

TRAMWAYS OPERATIONS

ESTIMATED PROFIT AND LOSS ACCOUNT FOR THE YEARS 1980, 1981 & 1982

REVENUE

Traffic Receipts

EXPENSES

1980

1981

1982

3,283,000 $3,529,000 $3,

$3,599,000

Audit Fee

$

8,250

$ 8,910 $ 9,623

Depreciation

137,000

147,960

159,800

Directors' Fees

12,500

12,500

12,500

Insurance

36,300

39,204

42,340

Legal and Professional Fees

5,500

5,940

6,415

Maintenance and Repairs

127,392

137,583

148,590

Permit Fee

293,300

317,900

324,900

Power, Light and Gas

89,055

102,413

117,775

Printing and Stationery

10,080

10,886

11,756

Provident and Retirement Fund

57,936

62,571

67,577

Rates and Crown Rent

57,960

62,597

67,605

Rent Charged

200,000

216,000

233,280

Salaries, Wages & Allowances

1,518,480

1,746,252

2,008,190

Secretarial and Accounting Fees

60,000

64,800

69,984

Staff Leave Passages

24,480

26,438

28,553

Sundry Expenses

36,000

38,880

41,990

$2,674,233 $3,000,834 $3,350,878

PROFIT BEFORE TAXATION

$608,767 $528,166 $248,122

KYC 9th December 1979.