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THE LAND REGISTRY TRADING FUND |
PROFIT AND LOSS ACCOUNT |
For the year ended 31 March 2004 |
Expressed in HK$ ' 000 |
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Note |
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2004 |
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2003 |
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| Turnover |
3 |
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362,316 |
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367,964 |
Operating costs |
4 |
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(270,853) |
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(285,829) |
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Profit from operations |
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91,463 |
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82,135 |
Other income |
5 |
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4,037 |
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8,395 |
Finance cost |
6 |
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(395) |
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(1,606) |
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| Profit before tax |
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95,105 |
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88,924 |
Taxation |
7 |
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(5,561) |
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(13,559) |
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| Profit after tax |
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89,544 |
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75,365 |
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Dividend |
8 |
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(44,772) |
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(37,682) |
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| Rate of return on fixed assets |
9 |
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22.0% |
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20.6% |
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The notes on the accounts form part of these accounts.
Report of the Director of Audit to the Legislative Council
Certified Financial Statements
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