The Land Registry 2007/08 Annual Report
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Certified Financial Statements
LAND REGISTRY TRADING FUND
PROFIT AND LOSS ACCOUNT
for the year ended 31 March 2008
(Expressed in thousands of Hong Kong dollars)
| Note | 2008 |  |
2007 | |||
| Turnover | 3 | 511,664 | 401,255 | |||
| Operating costs | 4 | (334,737 | ) | (292,287 | ) | |
| Profit from operations | 176,927 | 108,968 | ||||
| Other income | 5 | 30,362 | 28,146 | |||
| Profit before tax | 207,289 | 137,114 | ||||
| Taxation | 6 | (31,277 | ) | (19,602 | ) | |
| Profit after tax | 176,012 | 117,512 | ||||
| Dividend | 7 | (288,006 | ) | (58,756 | ) | |
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| Rate of return on fixed assets | 8 | 36.0% | 20.9% |
The Notes to the Accounts form part of these accounts.