| |
Note |
2003 |
|
2002 |
|
| Turnover |
3 |
367,964 |
|
405,641 |
| |
|
|
|
|
| Operating costs |
4 |
(285,829) |
|
(311,678) |
|
| Profit from operations |
|
82,135 |
|
93,963 |
| |
|
|
|
|
| Other income |
5 |
8,395 |
|
15,945 |
| |
|
|
|
|
| Finance cost |
6
|
(1,606) |
|
(3,467) |
|
| Profit before tax |
|
88,924 |
|
106,441 |
| |
|
|
|
|
| Taxation |
7 |
(13,559) |
|
(15,220) |
|
| Profit after tax |
|
75,365 |
|
91,221 |
|
| Dividend |
8 |
(37,682) |
|
(27,570) |
|
| Rate of return on fixed assets |
9 |
20.6% |
|
26.4% |
|
| |
K.A. SALKELD, J.P.
Land Registrar and General Manager,
Land Registry Trading Fund
5 September 2003
|
The notes on the accounts form part of these accounts.
|