The exceptional item in 1995 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:-
1996
1995
$000's
$000's
Fees
Bonus in accordance with article 155 Salaries, allowances and other benefits Retirement schemes contribution
55
55
1,727
3,631
8,019
7,127
264
236
10,065
11,049
Fees and other emoluments in respect of independent non-executive directors for the year ended 30th June, 1996 amounted to HK$503,399 (1995: $1,047,570).
6. TAXATION
(a) Taxation in the profit and loss accounts represents:-
Estimated liability to Hong Kong profits tax at 16.5%
(1995: 16.5%) on the assessable profits of the year (Over)/under provision in respect of previous year
The group
The company
1996
1995
1996
1995
$000's
$000's
$000's
$000's
1,653
14,341
1,527
14,220
(46)
42
(46)
42
1,607
14,383
1,481
14,262
(b) The liability to taxation represents:-
Estimated liability to profits tax for the year Provisional profits tax paid relating to current year
1,653
14,341
1,527
14,220
(10,135)
(10,135)
1,653
4,206
1,527
4,085
Balance of profits tax provision relating to previous year
3,872
5
3,832
5,525
4,211
5,359
4,085
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