5.
Taxation
(a) Taxation in the profit and loss accounts represent:—
The group
The company
1989
1988
1989
$000's
$000's
$000's
1988
$000's
Estimated liability to Hong Kong
profits tax at 16.5% (1988: 17%)
on the assessable profits of the year
12,548
19,221
12,300
19,000
Overprovision in respect of
previous year
(71)
(337)
(70)
(336)
12,477
18,884
12,230
18,664
(b) The liability to taxation represents:-
Estimated liability to profits
tax for the year
Provisional profits tax paid
Balance of profits tax provision
relating to previous years
12,548
19,221
12,300
19,000
(114)
(114)
12,434
19,221
12,186
19,000
21
10,877
10,874
12,455
30,098
12,186
29,874
(c) No provision for deferred taxation has been made as no liability is expected to arise as a result of the reversal
of timing differences.
6.
Dividends
Group and company
1989
1988
$000's
$000's
First interim dividend of
21 cents per share paid (1988: 21 cents)
9,716
9,716
Special dividend of
5 cents per share paid (1988: 5 cents)
2,313
2,313
Second interim dividend of
18 cents per share declared (1988: 18 cents)
8,329
8,329
Proposed final dividend of
33 cents per share (1988: 33 cents)
15,269
15,269
35,627
35,627
16
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7.
Fixed assets