2.
Turnover
Turnover comprises fares and other income from the operation of franchised motor buses by the company.
3.
Profit before taxation
Profit before taxation is arrived at after charging:-
Interest on loans wholly repayable
The group
The company
1986
1985
1986
1985
$000's
$000's
S000's
$000's
within 5 years
1.577
3.275
1.577
3.275
Auditors' remuneration
current year
348
296
340
290
prior year
21
21
20
20
Depreciation
31.302
32.276
31.203
32.179
Exchange loss
2.372
2.372
Provision for employees' retirement
gratuities
4.196
5.575
4.196
5.575
Provision for insurance
2.485
9.008
2.485
9.008
Provision for major repairs to
motor buses
8.236
6.635
8.236
6.635
and after crediting:-
Income from listed investments
15
21
Dividend from subsidiary
21
975
1.393
Exchange gain
current year - prior year
1.435
1.435
2.649
2.649
4.
Directors' remuneration
Directors' remuneration disclosed pursuant to section 161 of the Companies Ordinance is as follows:-
Fees
Bonus in accordance with article 155
Other emoluments
5.
Taxation
(a) Taxation in the profit and loss account represents:—
1986
1985
SOOO's
SOOO's
50
50
1,080
3.608
2.232
1.983
3.362
5.641
The group
The company
1986
1985
1986
1985
S000's
S000's
S000's
S000's
Estimated liability to Hong Kong
profits tax at 1812% on the
assessable profits of the year
10,015
21.726
9.800
21.500
Overprovision in respect of
previous year
(509)
(103)
(508)
(103)
9,506
21.623
9.292
21.397
16