NOTES ON THE ACCOUNTS (Continued)
5. DIRECTORS' REMUNERATION
Directors' remuneration disclosed pursuant to section 161 of the Companies Ordinance is as follows:-
Fees
Other emoluments
6. TAXATION
Hong Kong - Company
- Subsidiary companies
Group
1989
1988
HK$'000
HK$'000
660
77
4,281
6,897
4,941
6,974
Group
1989
1988
HK$'000
HK$'000
8,119
8,500
6,121
6,082
14,240
14,582
Hong Kong profits tax has been provided at the rate of 16.5% (1988 – 17%) on the estimated assessable profits for the year less relief for available tax losses where applicable.
No provision for deferred tax is required as the effect of cumulative timing differences, which are principally related to depreciation allowances, are not expected to crystallise in the foreseeable future. Potential liabilities unprovided for the group and for the company are $43 million (1988 - $60 million).
7. GROUP PROFIT AFTER TAXATION
The group profit after taxation includes an amount of $35,705,000 (1988 - $91,452,000) which has been dealt with in the accounts of the company.
8. DIVIDENDS
Company
1989
1988
HK$'000
HK$'000
Interim of 6 cents per share (1988 - 6 cents) Proposed final of 22 cents per share (1988 - 19 cents)
10,979
10,979
40,258
34,768
51,237
45,747
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