6.
Taxation
(a) Taxation in the profit and loss accounts represent:-
Estimated liability to Hong Kong
The group
The company
1990
1989
1990
$000's
$000's
$000's
1989
$000's
profits tax at 16.5% on the
assessable profits of the year
13,323
12,548
13,051
12,300
Under/(over) provision in respect of
previous year
630
(71)
630
(70)
13,953
12,477
13,681
12,230
(b) The liability to taxation represents:-
Estimated liability to profits
tax for the year
13,323
12,548
13,051
12,300
Provisional profits tax paid
(114)
(114)
13,323
12,434
13,051
12,186
Balance of profits tax provision
relating to previous year
526
21
492
13,849
12,455
13,543
12,186
(c) No provision for deferred taxation is required as there are net deferred tax assets for both the company and
the group. The major components of the unprovided deferred tax are:-
The group
The company
1990
1989
1990
1989
$000's
$000's
$000's
$000's
Depreciation allowances in excess
of related depreciation
165,620
132.830
165,542
132,791
General provision
(251,502)
(168,419)
(251,479)
(168,396)
Net deferred tax assets unprovided
(85,882)
(35,589)
(85,937)
(35,605)
7.
Dividends
Group and company
1990
1989
$000's
$000's
First interim dividend of
21 cents per share paid (1989: 21 cents)
9,716
9,716
Special dividend of
5 cents per share paid (1989: 5 cents)
2,313
2,313
Second interim dividend of
18 cents per share declared (1989: 18 cents)
8,329
8,329
Proposed final dividend of
33 cents per share (1989: 33 cents)
15,269
15,269
35,627
35,627
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8.
Fixed assets