TNAG-1779-FCO40-2539-Hong-Kong-international-telecommunications-1988 — Page 244

EXHIBIT 5.11 COSTS AND REVENUES ATTRIBUTABLE TO LOCAL AND INTERNATIONAL SERVICE

(HKT, 1987/88)

OPERATING REVENUES

HK$2,170 m

OPERATING

COSTS

HK$ 1,529 m

International HK$197m

International call charges

HK$798m

Local

Local

HK$1,332m

charges

HK$1,372m

Notes:

(1) Data on local network costs and revenues covers only business and residential switched telephone service; leased circuit and non franchiced service revenues are excluded.

(2) Data on international revenues covers only the 40% payable to HKT; the 60% payable to

the international carrier is excluded.

(3) No provision is made for interest charges.

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