4 DIRECTORS' REMUNERATION
Directors' remuneration disclosed pursuant to Section 161 of the Companies Ordinance is as follows:
1996
HK$'000
1995
HK$'000
Fees
470
417
Salaries and allowances
7,083
5,719
Discretionary and performance related bonuses
5,560
4,195
Retirement fund contributions
1,242
1,071
14,355
11,402
Fees and other emoluments in respect of independent non-executive Directors for the year ended 31 December 1996 amounted to HK$500,000 (1995: HK$460,000).
The Directors' remuneration is analysed as follows:
Exceeding
Not exceeding
Number of directors
1996
1995
Nil
HK$1,000,000
7
9
HK$1,500,000
HK$2,000,000
1
HK$2,500,000
HK$3,000,000
1
HK$3,000,000
HK$3,500,000
1
HK$6,500,000
HK$7,000,000
1
HK$7,500,000
HK$8,000,000
1
50