19 COMMITMENTS
a At 31st December, the Company had commitments under operating leases to make payments in the
next year as follows:
Land and Buildings
Others
1990
HK$'000
1989 HK$'000
1990 HK$'000
1989 HK$'000
Leases expiring:
Within 1 year
152
After 1 year but within 5 years
4,260
152 5,603
6,000
4,412
5,755
6,000
b Capital commitments outstanding at 31st December not provided for in the accounts were as follows:
NOTES
Contracted for
ON THE
Authorised but not contracted for
ACCOUNTS
46
1990
HK$'000
1989 HK$'000
85,678 158,783
88,404 850
244,461
89,254
20 STAFF RETIREMENT SCHEMES
The Company operates separate staff retirement schemes for their monthly and daily-rated employees. Contributions under these staff retirement schemes applicable to each year are charged against income for the year. The costs of these schemes are determined by actuarial valuations periodically, the latest being at 31st December, 1988. The assets of these schemes are held separately from those of the Company except for the amount of the initial contribution to the scheme for the daily-rated employees which remains unpaid by the Company and are managed by appointed trustees.