Consolidated Profit And Loss Account Page 20
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48NOTES TO THE ACCOUNTS
3.
TURNOVER AND OPERATING PROFIT
a)
Turnover
The principal activities of the Group are property investment, property development and investment
holding. Analysis of the Group’s turnover is as follows:
2005
2004
HK$ Million
HK$ Million
Property investment
343.0
330.7
Property development
3,900.4
6,522.4
Investment and others
217.7
262.8
4,461.1
7,115.9
b)
Operating profit
2005
2004
HK$ Million
HK$ Million
Operating profit is arrived at:
after charging:
Staff costs
134.2
133.3
– including contributions to defined contribution retirement
schemes of HK$6.9 million (2004: HK$8.5 million)
Cost of properties sold
2,954.1
5,192.2
Depreciation
1.9
3.0
Auditors’ remuneration
Audit services
4.4
3.3
Other services
1.1
0.2
and after crediting:
Rental income from operating leases less outgoings
246.8
240.6
– including gross rental income from investment properties of
HK$314.0 million (2004: HK$299.8 million) of which
HK$0.7 million (2004: HK$3.9 million) is contingent rentals
Dividend income from listed investments
40.3
32.6
Staff costs of HK$14.6 million (2004: HK$10.3 million) were capitalised in costs of properties under
development for sale.
52
Wheelock and Company Limited Annual Report 2004/05
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Legal