1996 — Page 33

核數師報告書

Report of the Auditors

HKF

意見

我們認為在各重要方面而言,上述的帳項真實與公 平地反映貴公司及集團於一九九六年十二月三十

一日的財政狀況,及 貴集團截至該日止年度的溢 利和現金流量,並已按照《公司條例》適當編製。

Opinion

In our opinion, the accounts give a true and fair view, in all material

respects, of the state of the Company's and the Group's affairs as at

31 December 1996 and of the Group's profit and cash flows for the

year then ended and have been properly prepared in accordance with the Companies Ordinance.

畢馬城會計師行

KPMG PEAT MARWICK

執業會計師

Certified Public Accountants

香港,一九九七年三月七日

Hong Kong. 7 March 1997

31