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:-
The group
The company
1987
1986
1987
1986
$000's
$000's
$000's
$000's
Interest on loans wholly repayable
within 5 years
742
1,577
742
1,577
Auditors' remuneration
current year
400
348
390
340
prior year
51
21
50
20
Depreciation
30,514
31,302
30,416
31,203
Exchange loss
43
2,372
43
2,372
Provision for employees' retirement
gratuities
5,545
4,196
5,545
4,196
Provision for insurance
1,971
2,485
1,971
2,485
Provision for major repairs to
motor buses
6,091
8,236
6,091
8,236
Provision for spare parts obsolescence
2,000
1,000
2,000
1,000
and after crediting:-
Income from listed investments
Dividend from subsidiary
21
Exchange gain
23
15
2,649
975 2,649
4.
Directors' remuneration
Directors' remuneration disclosed pursuant to section 161 of the Companies Ordinance is as follows:-
1987
1986
$000's
$000's
50
50
Fees
Bonus in accordance with article 155
Other emoluments
3,854
1,080
2,110
2,232
6.014
3,362
15