1999 — Page 25

Hong Kong erry (Holdings) C

Consolidated Profit and Loss Account

For the year ended 31 December 1999

Turnover

Cost of sales

Other revenue

Other net income

Distribution costs

Administrative expenses

Other operating expenses

Profit from operations

Finance cost

Note

1999

HK$'000

1998

HK$'000

2

889,223

963,593

(665,896)

(722,222)

223,327

241,371

3 3

48,070

114,513

24,682

18,490

(4,945)

(3,575)

(109,544)

(157,031)

(49,805)

(55,341)

131,785

158,427

4

(6,972)

(24,750)

Write-off of costs relating to Central

pier development project

Write-down in value of assets and costs

relating to the expiry of ferry franchise

(257,298)

(134,062)

Profit/(loss) from ordinary activities

before taxation

4

124,813

(257,683)

Taxation

7(a)

(3,673)

(17,457)

Profit/(loss) attributable to shareholders

8

121,140

(275,140)

Retained profits at 1 January

341,663

716,560

462,803

441,420

Dividends

9

(99,757)

(99,757)

22

363,046

341,663

Retained profits at 31 December

Basic earnings/(loss) per share (cents)

The notes on pages 32 to 57 form part of these accounts.

10

34.0

(77.2)

23

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