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FINANCIAL PERFORMANCE
MTR's Annual Report 2002 describes how the Corporation enhances long-term
shareholder value and details our financial performance during 2002. Of
particular interest may be the Financial Review, Profit and Loss Account,
Balance Sheet and Consolidated Cash Flow Statement. A summary of MTR's
financial performance is presented below.
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2001
|
2002
|
|
Profit
& loss account (HK$ million)
|
|
Turnover
|
7,592
|
7,686
|
|
Operating
profit before depreciation
|
7,301
|
7,769
|
|
Depreciation
|
(2,178)
|
(2,470)
|
|
Interest
and Finance Charges
|
(874)
|
(1,125)
|
|
Profit
|
4,278
|
4,212
|
|
Dividend
|
2,118
|
2,161
|
|
Balance
sheet (HK$ million)
|
|
Total assets
|
98,126
|
101,120
|
|
Loans, obligations
under financial leases & bank overdrafts
|
31,385
|
33,508
|
|
Deferred
income
|
8,411
|
6,226
|
|
Shareholders'
funds
|
53,893
|
56,827
|
|
Financial
ratios
|
|
Operating
profit from railway & related operations before depreciation
as a % of turnover
|
53.4%
|
52.2%
|
|
Non-fare
revenue as a % of turnover
|
24.6%
|
25.6%
|
|
Debt/equity
ratio
|
58.2%
|
59.0%
|
|
Interest
cover (in times)
|
3.8x
|
4.5x
|
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