Notes on The Accounts (Continued)
6. TAXATION
(a) Taxation in the profit and loss accounts represents:-
Estimated liability to Hong Kong profits tax at 16.5%
(1994: 16.5%) on the assessable profits of the year Under/(over) provision in respect of previous year
The group
The company
1995
1994
1995
1994
$000's
$000's
$000's
$000's
14,341
10,380
14,220
10,300
42
(650)
42
(681)
14,383
9,730
14,262
9,619
(b) The liability to taxation represents:-
Estimated liability to profits tax for the year Provisional profits tax paid relating to current year
Balance of profits tax provision relating to previous year
14,341 (10,135)
10,380 14,220
10,300
(10,135)
4,206
10,380
4,085
10,300
5
2,464
2,464
4,211
12,844
4,085
12,764
(c) No provision for deferred taxation is required as there are net deferred tax assets for both the
components of the unprovided deferred tax are:-
company
and the group. The major
Group and company
1995
1994
$000's
$000's
Depreciation allowances in excess of related depreciation General provisions
Net deferred tax assets unprovided
7. DIVIDENDS
48,592
48,111
(62,105) (62,410)
(13,513)
(14,299)
Group and company
1995
1994
$000's
$000's
First interim dividend of $0.21 per share paid (1994: $0.21) Special dividend of $0.40 per share paid (1994: $0.30)
9,716
9,716
18,508
13,881
Second interim dividend of $0.55 per share declared (1994: $0.50) Proposed final dividend of $0.76 per share (1994: $0.74)
25,447
23,134
35,164
34,238
88,835
80,969
21
2222222
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