1994 — Page 64

Scheme of Control Statement

for the year ended 31 December 1994

Note

1994

HK$'m

1993

HK$'m

2

2,116.8

321.9

Profit after taxation

Adjustment for items not ranking for

Control Scheme purpose:

Items not ranking for Scheme of Control

3

(1,743.1)

(21.4)

Interest at up to 8% per annum on borrowed capital

1c(ii)

25.9

30.4

Profit for Control Scheme purpose

399.6

330.9

Transfer from Development Fund

4

31.0

Prior years' adjustment

0.3

Shortfall in Permitted Return

1.7

1.5

Permitted Return for the year (net of concessions for

senior citizens).

5

401.3

363.7

Less: Interest at 8% per annum on average balance

of the Development Fund

1c(i)

1.2

Interest at up to 8% per annum on borrowed capital 1c(ii)

25.9

30.4

Shortfall in Permitted Return

1.7

1.5

Net Return for the year

373.7

330.6

Add : Items not ranking for Scheme of Control

1,743.1

21.4

Prior years' adjustment

(0.3)

Profit attributable to Shareholders

2,116.8

351.7

Accumulated shortfall of Permitted Return

Brought forward from previous years

42.8

41.5

Prior years' adjustment

(0.1)

(0.2)

Shortfall of return for the year

1.7

1.5

44.4

42.8

Carried forward to next year

Approved by the Board of Directors on 13 April 1995

PC Woo

Chairman

John Chan Cho Chak

Managing Director

62

The Kowloon Motor Bus Company (1933) Limited