1996 — Page 72

Table of Contents

1

Corporate Information

2

Notice of Ordinary Yearly Meeting

3

Corporate Calendar for 1996

5

Financial Statistics

7

Operational Statistics

9

Directors' Profiles

11

Senior Management's Profile

13 Chairman's Statement

17

Managing Director's Report

Financial Review

• Analysis of Results and Financial Position

• Financial Summary

21

23

25

Operational Review

37

Report of the Directors

Financial Statements

• Profit and Loss Accounts

Balance Sheets

43

44

45

•

Consolidated Cash Flow Statement

46

• Notes on the Consolidated Cash Flow Statement

47

• Notes on the Accounts

62

• Report of the Auditors

Scheme of Control Statement

68

88 28

64

63

• Scheme of Control Statement

• Notes on the Scheme of Control Statement

•

Report of the Auditors

Group Profile

The Kowloon Motor Bus Company (1933) Limited operates public bus services under government franchise in Kowloon and the New Territories. Founded in April 1933, the Company has been providing bus transport to the Hong Kong public for more than half a century. In 1972, the opening of the Cross Harbour Tunnel enabled the Company to extend its bus network from its principal area of operation in Kowloon and the New Territories. into Hong Kong island. KMB service routes. have continued to branch further to service the

burgeoning new development areas in the New Territories and the border between Shenzhen and Hong Kong. With Hong Kong's reunification with China and the imminent

opening of the new Chek Lap Kok Airport in Lantau, the Company looks forward with confidence to continue to provide high quality bus service to fulfill the demands and needs of the people of Hong Kong.