1993 — Page 20

董事會報告書

Report of the Directors

董事會同人謹提早截至一九九三年十二月三十一日止年度 的報告書及已審核的帳項。

主要業務

本集團主要從事經營小輪及有關業務、各種貿易、上市公 司股票之投資、酒店管理、地產投資及旅遊業務。現將集 團各主要業務的營業額及溢利詳列如下:

The directors have pleasure in submitting their report and audited accounts for the year ended 31 December 1993.

Principal activities

The principal activities of the group are ferry operations and related business, trading and services, property investment, hotel management, listed share investments and travel business. The turnover and contribution to operating profit of the principal activities of the group are as follows:

經營溢利

OPERATING PROFIT 一九九三年 一九九二年

1993

營業額

TURNOVER

一九九三年 1993

一九九二年 1992

1992

港幣百萬元 HK$ million

港幣百萬元 HK$ million

港幣百萬元 HK$ million

港幣百萬元

HK$ million

小輪及有關業務

Ferry operations and related business

510.1

470.4

2.2

8.0

貿易及服務

Trading and services

277.1

247.6

9.1

5.1

地產投資

上市公司股票之投資

Property investment

Listed share investments

127.7

84.2

95.6

67.3

28.0

34.7

18.3

12.2

旅遊及其他業務

Travel and others

92.1

83.5

(6.7)

6.3

淨利息收入

Net interest income

2.1

9.7

1.035.0

920.4

120.6

108.6

由於集團在香港以外的業務營業額及溢利均少於百分之 十,因此並無列出地區性分析。

附屬公司

於一九九三年十二月三十一日各附屬公司資料詳載於附註 十二。

業績及股息

集團截至一九九三年十二月三十一日止年度的業績和股 息,以及公司與集團於當日的財政狀況,俱詳列於帳項第 二十一頁至第四十一頁。

中期息每股八仙已於一九九三年十月八日派出,現在董事 會建議派發末期息每股二角七仙給予一九九四年六月十七

日記錄冊內的股東。

董事會建議派發分紅認股權證予一九九四年六月十七日登 記在股東名冊之股東,以每持有一股普通股送一份分紅認 股權證。每份認股權證持有人可在一九九四年七月一日至 一九九六年六月三十日內以港幣十元二角之行使價,認購 本公司面值港幣一元之普通股一股,此認購價在若干情況 下將會根據認股權證章程作出調整。建議派發之一九九六 年六月三十日到期分紅認股權證須經股東於一九九四年六 月十七日舉行之股東週年大會中通過及香港聯合交易所批 准認股權證及該等認權證所認購之股份上市買賣,方可作 實。

No geographical analysis is shown as less than 10% of the group's turnover and profit is derived from activities outside Hong Kong.

Subsidiaries

Details of the subsidiary companies at 31 December 1993 are set out in note 12 on the accounts.

Financial results and dividends

The results of the group for the year ended 31 December 1993 and the state of affairs of the company and of the group at that date are set out in the accounts on pages 21 to 41.

An interim dividend of 8 cents per share was paid on 8 October 1993. The directors now recommend a final dividend of 27 cents per share to shareholders on record on 17 June 1994.

The Board also proposes a bonus issue of 1996 warrants on the basis of one June 1996 warrant for every ten existing shares to shareholders registered as such on the register of members of the company on 17 June 1994. Each June 1996 warrant will entitle the holder to subscribe for shares of $1 each of the company from I July 1994 to 30 June 1996 (both days inclusive) at an initial subscription price of HK$10.20 per share. subject to adjustment. The bonus issue of June 1996 warrants will be subject to approval at the company's Annual General Meeting and subject to listing of and permission to deal in the June 1996 warrants and any shares which may fall to be issued on exercise of the subscription rights under such warrants being granted or agreed to be granted by the Listing Committee of The Stock Exchange of Hong Kong Limited.

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