NOTES ON THE ACCOUNTS
2 TURNOVER
Turnover comprises fares and other income from the operation of franchised public buses by the Company.
3 PROFIT BEFORE TAXATION
Profit before taxation is arrived at after charging:
Depreciation
Operating lease charges on temporary bus depots
and terminal shelters
Auditors' remuneration
Interest payable on:
Bank loans, overdrafts and loans repayable
within 5 years
over 5 years
Balance of premium on land
1989 HK$'000
1988 HK$'000
227, 188
190,895
18,312 537
10,758
436
39,708 1,402
41,664
201
264
4 DIRECTORS' REMUNERATION
Directors' remuneration disclosed pursuant to Section 161 of the Companies Ordinance is as follows:
39
Services as Directors
Other emoluments
1989
1988
HK$'000
HK$'000
982
982
783
699
1.765
1.681