FINANCIAL REPORT NOTES TO THE ACCOUNTS 3. TURNOVER   Note 2001 HK$000 2000 HK$000       Vehicle services Electrical, mechanical and electronic services Project and consultancy services Others 269,744 2,628,172 244,416 28,675 277,624 2,512,440 243,596 26,578         3,171,007   3,060,238     4. OPERATING COSTS         2001 HK$000   2000 HK$000     Staff costs Materials Contract maintenance Rental and management charges General operating and administration expenses Depreciation and amortisation Audit fees   1,616,058 278,588 564,581 26,489 191,503 32,257 530   1,639,166 268,906 555,499 28,379 189,697 30,752 487           2,710,006   2,712,886     5. OTHER INCOME           2001 HK$000   2000 HK$000       Bank deposits interest   104,139   59,919     6. FINANCE COST                   2001 HK$000   2000 HK$000       Interest on Government loan repaid and repayable within one year Government loan repayable after one year   3,484 13,949   3,199 15,405           17,433   18,604     7. TAXATION               Notional profits tax is provided at the rate of 16% (2000 : 16%). A payment in lieu of profits tax calculated on the basis of the provisions of the Inland Revenue Ordinance (Cap. 112) will be made to the Government. Provision is made for deferred tax in respect of all material timing differences attributable to accelerated depreciation allowances on fixed assets except where it is considered that no liability will crystallize in the foreseeable future.       2001 HK$000   2000 HK$000       Notional profits tax Deferred tax for the year   71,065 (61 ) 49,494 3,122       Taxation for the year   71,004   52,616     8. DIVIDEND   A dividend of $143.010 million being 30% of the profit after tax is proposed for the year ended 31 March 2001 and is payable to the Government (2000 : $100.815 million). 9. RATE OF RETURN ON FIXED ASSETS   This is calculated as a percentage of profit from operations and interest income after taxation to Average Net Fixed Assets (ANFA). The Electrical and Mechanical Services Trading Fund is expected to meet a target return of 13.5% per annum on ANFA as determined by the Financial Secretary. 10.FIXED ASSETS     Land and Buildings HK$000 Plant and Equipment HK$000 Computer Systems and Equipment HK$000 Motor Vehicles HK$000   Furniture and Fixtures HK$000 Total HK$000     Cost or Valuation                 At 1 April 2000 Additions Disposals 950,100 - - 23,504 1,122 - 34,774 4,760 - 25,797 6,436 (1,744 ) 5,820 11,703 - 1,039,995 24,021 (1,744 )   At 31 March 2001 950,100 24,626 39,534 30,489   17,523 1,062,272     Aggregate Depreciation/Amortisation   At 1 April 2000 Charge for the year Written back on disposals 51,351 13,993 - 11,844 3,402 - 20,079 6,187 - 15,897 6,073 (1,432 ) 1,124 2,602 - 100,295 32,257 (1,432 )   At 31 March 2001 65,344 15,246 26,266 20,538   3,726 131,120     Net Book Value At 31 March 2001 884,756 9,380 13,268 9,951   13,797 931,152     At 31 March 2000 898,749 11,660 14,695 9,900   4,696 939,700                     Top