2 TURNOVER
Turnover comprises fares and other income from the operation of franchised public buses by the Group and the Company analysed as follows:
The Group The Company
1996
1996
HK$'000
HK$'000
1995
- HK$'000
Fare receipts
4,405,312
4,405,312
3,930,359
Advertising revenue
45,697
45,697
42,050
Other operating income
540
540
734
4,451,549
4,451,549
3,973,143
3 OPERATING PROFIT
Operating profit is arrived at
The Group
1996
The Company
HK$'000
1996
HK$'000
1995
HK$'000
after charging:
Amortisation and depreciation
293,004
293,004
252,579
Operating lease charges on temporary bus depots
and terminal shelters
1,712
1,712
1,397
Auditors' remuneration
927
902
860
Interest payable on bank loans and overdrafts
repayable
- within 5 years
31,282
31,282
22,195
over 5 years
6,741
Contributions to retirement schemes
-- Annual contributions
125,090
125,090
111,821
Special contribution
100,000
Additional provision for staff retirement fund
134,300
134,300
120,000
and crediting:
Interest income
30,723
27,891
32,447
49