Consolidated Profit And Loss Account

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CONSOLIDATED PROFIT AND LOSS ACCOUNT
For the year ended 31 March 2005
2005
2004
Note
HK$ Million
HK$ Million
Turnover
3
4,461.1
7,115.9
Other net income
4
213.5
17.3
4,674.6
7,133.2
Direct costs and operating expenses
(3,113.9)
(5,427.0)
Selling and marketing expenses
(127.3)
(216.7)
Administrative expenses
(60.7)
(66.1)
Operating profit
3
1,372.7
1,423.4
Borrowing costs
5
(78.9)
(137.0)
Net operating profit before property provision
1,293.8
1,286.4
Write back of provision for properties
6
2,237.9
40.0
Share of profits less losses of associates
2
2,167.9
2,047.3
Profit before taxation
5,699.6
3,373.7
Income tax
7
(506.0)
(536.8)
Profit after taxation
5,193.6
2,836.9
Minority interests
(1,026.3)
(534.3)
Group profit attributable to shareholders
8
4,167.3
2,302.6
Dividends attributable to the year
9
Interim dividend declared during the year
50.8
50.8
Final dividend proposed after the balance sheet date
172.7
132.1
223.5
182.9
Earnings per share
10
HK$2.05
HK$1.13
The notes on pages 39 to 75 form part of these accounts.
33
Wheelock and Company Limited Annual Report 2004/05

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