15. Taxation
Hong Kong Company
-
Subsidiary companies
- Associated companies
Overseas
wwwwww
Subsidiary companies
Group 1985
HK$Millions
Group 1984
HK$Millions
0.5
8.9
186.5
172.8
41.7
16.5
3.3
232.0
198.2
Hong Kong taxation has been provided at the rate of 18.5% (1984 – 18.5%) on the estimated assessable profits less relief for available tax losses.
16. Extraordinary items less taxation and minority interests
Group
Group
1985
HK$Millions
1984 HK$Millions
Profit on disposal of subsidiary and associated companies and other investments
397.9
194.2
Loss on sale of property
(7.3)
(3.2)
Revaluation of property realised and transferred from reserves
100.4
112.7
Provision for discontinuance of shipping operations
(102.1)
(31.9)
Share of extraordinary items of associated companies Others
(19.7)
(2.1)
369.2
269.7
17. Profit attributable to the shareholders
The profit attributable to the shareholders is dealt with in the accounts of the Company to the extent of HK$604.1 million (1984 - HK$1,100.6 million).
18. Ordinary dividends
Company 1985
HK$Millions
Company 1984 HK$Millions
Interim dividend paid of 35 cents per ordinary share (1984 · Proposed final dividend of 70 cents per ordinary share (1984
28 cents)
181.9
145.5
56 cents)
371.2
291.0
553.1
436.5
19. Earnings per share
The calculation of earnings per share is based on net profit before and after extraordinary items but after the deduction of the preference dividends and on the weighted average of 521,896,488 ordinary shares in issue which is after allotments to warrant holders who had exercised their warrant rights in 1985 (see note 10) (1984 – 490,654,206 ordinary shares). Fully diluted earnings per share is not shown as the dilution is not material.
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HUTCHISON WHAMPOA LIMITED
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