1995 — Page 130

Profit after taxation

SCHEME OF CONTROL STATEMENT for the year ended 31 December 1995

Note

1995

HK$'m

1994

HK$'m

2

463.1

2,116.8

Adjustment for items not ranking for

Control Scheme purpose:

Items not ranking for Scheme of Control

3

(36.8)

(1,743.1)

Interest at up to 8% per annum on borrowed capital

lc(ii)

27.8

25.9

Profit for Control Scheme purpose

454.1

399.6

Transfer to Development Fund

4

1.9

Shortfall in Permitted Return

1.7

Permitted Return for the year (net of concessions for

senior citizens)

5

452.2

401.3

Less: Interest at 8% per annum on average balance

of the Development Fund

lc(i), 4

0.1

Interest at up to 8% per annum on borrowed capital Shortfall in Permitted Return

lc(ii)

27.8

25.9

1.7

Net Return for the year

Add: Items not ranking for Scheme of Control

Profit attributable to Shareholders

424.3

373.7

36.8

1,743.1

461.1

2,116.8

Accumulated shortfall of Permitted Return

Brought forward from previous years

44.4

42.8

Prior years' adjustment

(0.1)

Shortfall of return for the year

1.7

Carried forward to next year

44.4

44.4

Approved by the Board of Directors on 11 April 1996

PC Woo

Chairman

John Chan Cho Chak

Managing Director

61

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