Financial Review
execute legal mortgages to certain banks in the event of default of the Company's obligations under the respective loan agreements. The maturity profile of the long term bank loans of the Company are set out
in note 18 in the accounts.
1994
1993
1992
1991
1990
Number of employees
Total
11,433
11,048
10.916
10,578
933
10,610
3,000
6,000
9,000
12,000
CAPITAL EXPENDITURE AND COMMITMENT
Capital expenditure incurred during the year amounted to HK$487 million, of these, HK$445 million was for the purchase of buses and other motor vehicles, HK$16 million was for the improvement of depot facilities and HK$26 million was for the purchase of furniture, fixtures, computers and other equipments.
As at 31 December 1994, the Company had on order 26 additional single-deck and 185 double-deck buses. Capital commitment outstanding and not provided for in the accounts at 31 December 1994 amounted to
HKS350 million.
1994
1993
:992
Bus captains Service dept. staff
Other traffic dept. staff
Others
Staff cost and number of staff per bus
Number of staff per bus
3.8
30
3.2
34
3.6
1921
| 647
AAD
:991
1990
1050
400
Staff cost
40
3.68
800
1.200
1.600
Stoff cost (HK$ million)
2,000
→→ Number of staff
per bus
Debt maturity profile
32
SCHEME OF CONTROL STATEMENT
A Scheme of Control Statement relating to the Company's franchised bus operation for the year ended 31 December 1994 is presented on pages 62 to 65 of this Annual Report. The content of this Statement indicates more clearly the method of
calculation of the Permitted Return under the Profit
Control Scheme and provides the breakdown of bus operation expenses.
20
1994
40
1993
33
1992
28
21
43
8
1991
29
20
36
15
1990
41
24
26
9
25
-9
50
1 75
1
100
Percent
Within 1 year Between 2 & 5 years
Between 1 & 2 years Over 5 years
The Kowloon Motor Bus Company (1933) Limited.