Notes on The Accounts (Continued)
2. TURNOVER
Turnover comprises fares and other income from the operation of franchised motor buses by the company.
3.
OPERATING PROFIT
Operating profit is arrived at
after charging:-
The group
The company
1995
1994
1995
1994
$000's
$000's
$000's
$000's
Depreciation
Auditors' remuneration current year
Provision for employees' retirement schemes
1,110
1,028
1,000
960
- prior year
60
20
20
20
31,483
29,888
31,483
29,882
27,924
29,765 27,924
29,765
Provision for insurance
27,289
33,025 27,289
33,025
Provision for major repairs to motor buses
5,608
4,439
5,608
4,439
Provision for obsolescence of stores and spare parts
3,755
3,755
Operating lease charges for land and buildings
368
3,104
368
3,104
Exchange loss
293
293
Capital duty on increase in a subsidiary's authorised share capital
600
and after crediting:-
Exchange gain
Income from listed investments
737
79
73
-
737
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:-
Fees
Bonus in accordance with article 155 Salaries, allowances and other benefits Retirement schemes contribution
20
20
1995
$000's
1994
$000's
55
55
3,631
3,313
7,127
5,952
236
236
11,049
9,556