1996 — Page 136

Scheme of Control Statement

For the year ended 31 December 1996

Note

1996

HK$'m

1995 HK$'m

2

523.7

463.1

Profit after taxation of the Company

Adjustment for items not ranking for Control Scheme purpose:

Items not ranking for Scheme of Control

3

(34.2)

(36.8)

Interest at up to 8% per annum on borrowed capital

1c(ii)

31.1

27.8

Profit for Control Scheme purpose

Transfer from/(to) Development Fund

520.6

454.1

4

1.8

(1.9)

Permitted Return for the year

(net of concessions for senior citizens)

5

522.4

452.2

Less: Interest at 8% per annum on average balance of the

Development Fund

1c(i),4

0.1

0.1

Interest at up to 8% per annum on borrowed capital

1c(ii)

31.1

27.8

Net Return for the year

Add: Items not ranking for Scheme of Control

491.2

424.3

34.2

36.8

Profit attributable to Shareholders

Accumulated shortfall of Permitted Return

Brought forward from previous years and carried

forward to next year

Approved by the Board of Directors on 10 April 1997

PC Woo

Chairman

John Chan Cho Chak

Managing Director

63

525.4

461.1

44.4

44.4