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
1989
1988
1989
1988
$000's
$000's
$000's
$000's
Interest on loans wholly repayable
within 5 years
10
249
10
249
Auditors' remuneration
current year
462
410
450
400
- prior year
28
(11)
28
(11)
Depreciation
27,731
29,074
27,632
28,976
Exchange loss
2,342
2,342
Provision for employees' retirement
gratuities
4,745
5,101
4,745
5,101
Provision for insurance
29,000
20,377
29,000
20,377
Provision for major repairs to
motor buses
5,670
5,810
5,670
5,810
Provision for spare parts obsolescence
1,000
1,000
Operating lease charges for land and
building
3,398
2,945
4,692
4,238
and after crediting:-
Income from listed investments
Exchange gain
29
9
1,310
1,310
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
15
※域市政局公共圈百一
1989
1988
$000's
$000's
50
50
3,273
3,666
2,957
2,565
6,280
6,281