13
Notes on the Accounts cont'd
4. Directors' Remuneration
Directors' remuneration disclosed pursuant to section 161 of the Companies Ordinance is as follows:-
Group
1983
1982
As directors
As executives
770
843
1,543
2,232
2,313
3,075
ம்
5.
Taxation
(a) Taxation in the profit and loss account represents: -
P
Group
1983
1982
Provision for Hong Kong profits tax at
16.5% on the estimated assessable
profits of the year
1,432
486
Overprovision in respect of previous year
2
324
1,430
162
(b) The liability to taxation represents:-
Group
1983
1982
Estimated liability to profits tax
for the year
1,432
486
Provisional profits tax paid
230
313
1,202
173
Balance of profits tax provision
relating to previous year
55
(1,158)
1,257
(985)
6.
7.
No provision for taxation is required in the accounts of the parent company as the estimated capital allowances exceed the estimated adjusted profits for the year.
Group Profit after Taxation
The Group profit after taxation includes an amount of $31,390,000 (1982 - $34,728,000) which has been dealt with in the accounts of the Company.
Earnings per Share
The calculation of earnings per share is based on earnings of $31,735,000 (1982 - $34,740,000) and 138,628,290 ordinary shares in issue at 31st December 1983. The earnings per share for 1982 is based on the weighted average of 135,474,212 ordinary shares as adjusted for the second call of 1981 Rights Issue paid during 1982 and the weighting of the partly paid shares according to their dividend rights.