1988 — Page 47

NOTES ON THE ACCOUNTS

6 DIVIDENDS

1988

1987

HK$'000

HK$'000

Interim dividend of 13 cents per share

(1987 15 cents per share)

52,473

48,437

(1987

Final dividend of 32 cents per share

35 cents per share)

129,165

113,019

181,638

161,456

7 EARNINGS PER SHARE

43

Earnings per share is based on earnings of HK$261,327,000 (1987

HK$234,762,000) and

403,639,413 shares in issue after the bonus issue during the year. Earnings per share for 1987 has been restated to reflect this bonus issue.