1989 — Page 19

2. TURNOVER

Group turnover represents gross income from sales and for services provided to third parties which includes revenue from ferry operations and related business, trading and services, property investment and travel business.

3. EXCEPTIONAL ITEM

Group

1989

1988

HK$'000

HK$'000

Special provision for staff retirement funds

37,233

4. PROFIT BEFORE TAXATION

Profit before taxation is arrived at after charging:

Group

1989

1988

HK$'000

HK$'000

Interest on bank loans and overdrafts

83

4,646

Interest on other loans repayable

within 5 years

2,000

1,384

2,083

6,030

Depreciation

38,398

35,805

Auditors' remuneration

682

592

Operating lease charges

—

hire of plant and machinery

68

33

hire of other assets

7,532

7,890

and after crediting:

Net rental income from investment properties

Net rental income from other properties

Income from unlisted investment

Income from listed investment

48,066

28,887

5,574

4,860

161

178

1,673

17