1995 — Page 120

NOTES ON THE ACCOUNTS

9. EARNINGS PER SHARE

a.

b.

C.

The calculation of earnings per share is based on earnings of HK$461,071,000 (1994

- HK$2,116,804,000) and 403,639,413 shares in issue during the two years.

-

The calculation of earnings per share before exceptional item is based on earnings of HK$461,071,000 (1994 – HK$406,011,000) and 403,639,413 shares in issue during the

two years.

The calculations of earnings per share and earnings per share before exceptional item

are reconciled as follows:

1995

HK$'000

1994

HK$'000

Operating profit after taxation

461,071

406,011

Exceptional item

1,710,793

Profit after taxation

461,071

2,116,804

51

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10. FIXED ASSETS