1988 — Page 41

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31ST DECEMBER, 1988

Note

1988 HK$'000

1987 HK$'000

Turnover

Profit before Taxation

2

1,769,592

1,732,050

3

244,611

268,335

Taxation

5a

48,125

13,478

Profit after Taxation

196,486

254,857

Transfer from/(to) Development Fund

14

64,841

(20,095)

Profit attributable to Shareholders

261,327

234,762

Retained Profits at 1st January

372,307

299,001

633,634

533,763

Appropriations:

Capitalisation on bonus issue

80,728

Dividends

6

181,638

161.456

262,366

161,456

Retained Profits at 31st December

12

371,268

372,307

Earnings per Share

7

65¢

58¢

The notes on pages 40 to 49 form part of these accounts.

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