NOTES ON THE ACCOUNTS (Continued)
2. TURNOVER
Group turnover represents gross income from sales and for services provided to third parties. which includes revenue from ferry operations and related business, trading and services, property investment and travel business.
3. PROFIT BEFORE TAXATION
Profit before taxation is arrived at after charging:
Group
1988
1987
HK$'000
HK$'000
F
F
Interest on bank loans and overdrafts
4,646
8,019
1
Interest on other loans repayable within 5 years
1,384
2,437
(
6,030
10,456
Less: Interest earned
6,185
1,334
(155)
9,122
Less: Interest capitalised
654
Net interest learned)/paid
(155)
8,468
Provision for diminution in value of unlisted investment
100
Depreciation
35,805
33,989
Auditors' remuneration
592
550
Hire of plant and machinery
33
451
Operating lease charges
hire of other assets
5,169
3,827
and after crediting:
Net rental income
Income from unlisted investment
33,747 178
28,328 15
4. DIRECTORS' REMUNERATION
Directors' remuneration disclosed pursuant to section 161 of the Companies Ordinance is as follows:-
18
Fees
Other emoluments
Group
1988
HK$'000
1987
HK$'000
77 6,897
80 5,537
6,974
5.617
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