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The Land Registry Annual Report 2011-12

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Certified Financial Statements

Statement of Comprehensive Income

for the year ended 31 March 2012

(Expressed in thousands of Hong Kong dollars)

Note 2012 2011

Turnover

3

426,796

 

573,396

 

Operating costs

4

(340,014

)

(340,768

)

Profit from operations

 

86,782

 

232,628

 

Other income

5

29,699

 

9,656

 

Profit before notional profits tax

 

116,481

 

242,284

 

Notional profits tax

6

(18,139

)

(38,822

)

Profit for the year

 

98,342

 

203,462

 

Other comprehensive income

 

-

 

-

 

Total comprehensive income for the year

 

98,342

 

203,462

 

Rate of return on fixed assets

7

19.7%

 

52.6%

 

The Notes to the Financial Statements form part of these financial statements.