The pre-tax profit of $0.9 million was contributed by an associated company.

quity Employed

At 31 December 2001, the Group’s equity employed amounted to $1.9 billion, and this was 27% lower than in 2000 due mainly to the provisions made against the Group’s trading projects and landbank and the downward revaluation adjustments for the Group’s investment properties. This came from funds provided by the Company’s shareholders and minority shareholders in certain subsidiary companies. The greater part of these funds was utilised by Property Investment ($2.4 billion), Property Trading ($ 818.6 million), Hospitality and Services( negative $1.38 billion) and Non-Property $ 19.8 million.