1996 — Page 96

Financial Summary

Profit and Loss Accounts

For the year ended 31 December

The Group

The Company

1996

1995

1994

1993

1992

1991

HK$'m

HK$'m

HK$'m

HK$'m

HK$'m

HK$'m

Turnover

4,451

3,973

3,500

2,998

2,775

2,579

Operating profit

589

540

490

384

389

372

Exceptional item

1,711

Profit before taxation

589

540

2,201

384

389

372

Taxation

63

77

84

62

60

43

Profit after taxation

526

463

2,117

322

329

329

Transfer from/(to) development

fund

2

(2)

30

1

(31)

Profit attributable to

shareholders

528

461

2,117

352

330

298

Balance Sheets

As at 31 December

Fixed assets

3,342

2,777

2,479

2,241

2,049

1,903

Interest in a subsidiary

24

Net current liabilities

(383)

(239)

(206)

(317)

(243)

(303)

Employment of funds

2,959

2,562

2,273

1,924

1,806

1,600

Financed by:

Share capital

404

404

404

404

404

404

Reserves

1,191

1,083

989

733

656

584

Shareholders' funds

1,595

1,487

1,393

1,137

1,060

988

Contingency provision

insurance

288

175

175

146

140

128

Development fund

2

30

31

Other liabilities

1,076

898

705

641

576

453

Funds employed

2,959

2,562

2,273

1,924

1,806

1,600

Earnings per share

$1.31

$1.14

$5.24

87 cents

82 cents

74 cents

Dividends per share

$1.04

91 cents

80 cents

68 cents

64 cents

58 cents

Special cash bonuses per share

$3.81

23