Notes on The Accounts (Continued)
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:-
The
group
The company
1994
1993
1994
1993
$000's
$000's
$000's
$000's
Auditors' remuneration
current year
1,028
893
960
850
- prior year
20
50
20
30
Depreciation
29,888
28,323
29,882
28,323
Provision for employees' retirement schemes.
29,765
29,319
29,765
29,319
Provision for uninsured third party claims and loss of profits resulting
from fire damage
33,025
48,010
33,025
48,010
Provision for major repairs to motor buses
4,439
5,950
4,439
5,950
Operating lease charges for land and buildings
3,104
7,575
3,104
7,575
Exchange loss
1,704
www
1,704
Capital duty on increase in a subsidiary's authorised share capital
600
537
and after crediting:-
Exchange gain
Income from listed investments
737
737
73
90
4. EXCEPTIONAL ITEM
Exceptional item represents the surpluses attributable to the disposal of the leasehold land and buildings.
5.
DIRECTORS' REMUNERATION
Directors' remuneration disclosed pursuant to section 161 of the Companies Ordinance is as follows:-
1994
$000's
1993
$000's
Fees
Bonus in accordance with article 155
Other emoluments
55
52
3,313
2,962
5,952
5,159
9,320
8,173
16
Page 20Page 21
Notes on The Accounts (Continued)
6. TAXATION
(a) Taxation in the profit and loss accounts represents:-