KUB
九巴服務 日日進步
NOTES ON THE ACCOUNTS
56
d.
Leased assets
Payments under operating leases are charged to the profit and loss account on a
straight line basis over the periods of the respective leases.
Deferred taxation
Deferred taxation is provided using the liability method in respect of the taxation
effect arising from all timing differences which are expected with reasonable
probability to crystallise in the foreseeable future.
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:-
1993
HK$'000
1992
HK$'000
Depreciation
196,302
171,664
Operating lease charges on
temporary bus depots and terminal shelters
6,857
20,110
- buses
1,271
5,641
Auditors' remuneration
734
686
Interest payable on:-
Bank loans and overdrafts repayable
―
– within 5 years
26,401
-
over 5 years
7,278
22,911
15,582
Balance of premium on land
4
27
Provision for staff retirement fund
- additional contribution
126,000
90,200
— annual contribution
87,661
77,694