Land Registry Annual Report 2003/04
 
 
 


Financial Report

Certified Financial Statements
 

THE LAND REGISTRY TRADING FUND

PROFIT AND LOSS ACCOUNT

For the year ended 31 March 2004

Expressed in HK$ ' 000

             
   

Note

  

2004

 

2003
 

 

         
Turnover

3

 

362,316

 

367,964

Operating costs

4

 

(270,853)

 

(285,829)

Profit from operations

 

  

91,463

 

82,135

Other income

5

 

4,037

 

8,395

Finance cost

6

 

(395)

 

(1,606)
             
Profit before tax

 

  

95,105

 

88,924

Taxation

7

 

(5,561)

 

(13,559)
             
Profit after tax

 

  

89,544

 

75,365

Dividend

8

 

(44,772)

 

(37,682)
 

 

 

  

 

 

 
Rate of return on fixed assets

9

  

22.0%

  

20.6%
           

 


The notes on the accounts form part of these accounts.




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