1991 — Page 33

MILLIONS

F

YEAR

Average net assets employed

LOCAL FERRY OPERATION RESULTS

1987

1988

1989

1990

1991

HK$'000

HK$'000

HK$'000

HK$'000

HK$'000

386,819

397,180

393,353

393,987

387,017

Profit before taxation

45,565

47.657

44.941

9.029

36,434

Less Taxation (Notional tax at standard rate)

(8,202)

(8,102)

(7,415)

(1,490)

(6,012)

Profit after taxation

37.363

39,555

37.526

7,539

30,422

Return on average net assets employed

1.

LOCAL FERRY OPERATION

2.

INSIDE HARHOUR

OUTLYING DISTRICTS

3.

GOODS VEHICLES

PRIVATE CARS

9.66%

9.96%

9.54%

1.91%

7.86%

$MILLIONS

1.

PROFIT BEFORE TAXATION

48

46

45

1987 1988 1989 1990 1991

2. NUMBER OF

PASSENGERS CARRIED

3. NUMBER OF

VEHICLES CARRIED

50.6

49.0

43.7

15.5 16.3

32.4

28.4

17.7 18.2 18.4

1987 1988 1989 1990 1991

30

MILLIONS

3.7

3.3

3.1

1.8

1.5

1.7

1.8 1.7

1.0

1.0

1987 1988 1989 1990 1991

36