2.
Turnover
Turnover comprises fares and other income from the operation of franchised motor buses by the company.
3.
Profit before exceptional item
Profit before exceptional item is arrived at
after charging:-
Interest on loans wholly repayable
The group
The company
1990
1989
1990
1989
$000's
$000's
$000's
$000's
within 5 years
10
10
Auditors' remuneration
current year
567
462
555
450
- prior year
46
28
45
28
Depreciation
28,535
27,731
28,437
27,632
Exchange loss
2,342
2,342
Provision for employees' retirement
gratuities
8,000
4,745
8,000
4,745
Provision for insurance
26,562
29,000
26,562
29,000
Provision for major repairs to
motor buses
5,467
5,670
5,467
5,670
Operating lease charges for land and
building
3.513
3,398
4,807
4,692
and after crediting:-
Income from listed investments
Exchange gain
32
29
664
664
Exceptional item
Exceptional item represents the incremental provision for employees' retirement gratuities consequent upon the revision of employees' retirement scheme during the year.
5.
Directors' remuneration
Directors' remuneration disclosed pursuant to section 161 of the Companies Ordinance is as follows:-
1990
1989
$000's
$000's
Fees
Bonus in accordance with article 155
Other emoluments
60
50
1,061
3,273
3,248
2,957
4,369
6,280
15