FINANCIAL SUMMARY 1993

FINANCIAL SUMMARY 1993 - 1997
	1997 $(000)	1996 $(000)	1995 $(000)	1994 $(000)	1993 $(000)
Turnover	1,466,455	1,343,543	1,039,314	788,818	595,240
Group profit before taxation	136,400	114,432	93,092	69,224	83,625
Taxation	( 29,097)	( 33,880)	( 10,888)	( 8,633)	(31,434)
Extraordinary Item	-	-	-	35,794	-
Net profit attributable to Gleaner Stockholders	107,303	80,552	82,204	96,385	52,191
Ordinary Stockholders' funds
Capital	131,024	98,268	65,512	40,142	16,057
Reserves	545,403	487,953	459,425	331,515	257,043
Reserves	545,403	487,953	459,425	331,515	257,043
	676,427	586,221	524,937	371,657	273,100
Deferred taxation	14,826	17,006	20,424	14,714	11,046
Long-term liabilities	17,375	30,114	33,528	37,317	3,316
Total Funds employed	708,628	633,341	578,889	423,688	287,462
Represented by:
Fixed assets and investments	363,542	362,642	369,527	288,568	141,611
Long-term receivable	701	812	1,028	768	853
Working Capital	344,385	269,887	208,334	134,352	144,998
	708,628	633,341	578,889	423,688	287,462
Stock units in issue at year end (000)	262,048	196,536	131,024	80,284	32,114
	cents	cents	cents	cents	cents
Earnings per ordinary stock unit (see Note below):
Before extraordinary item	40.94	40.99	62.74	75.47	162.52
After extraordinary item	40.94	40.99	62.74	120.06	162.52
Dividends per ordinary stock unit	10.00	14.50	20.00	36.00	50.00
Stockholders' funds per ordinary stock unit	258.00	299.00	401.00	462.93	850.41
Exchange rates ruling at the balance sheet dates were:
UK one Pound to J$	58.34	57.51	58.27	50.15	42.63
US$1 to J$	36.09	34.70	39.40	33.37	32.70
Can$1 to J$	24.73	24.91	27.38	22.96	21.78
The calculation of earnings per stock unit is based on profit after taxation divided by the stock units in issue for each year shown above.