Notes on The Accounts (Continued)
6.
TAXATION (Continued)
(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
1996
1995
$000's
$000's
Depreciation allowances in excess of related depreciation General provisions:
- major repair to motor buses
- insurance
- employees' retirement schemes
- obsolescence of store and spare parts
- others
Net deferred tax assets unprovided
46,386
48,592
(1,040)
(908)
(41,921) (40,482)
(16,030)
(14,006)
(2,787)
(2,640)
250
(4,069)
(15,142)
(13,513)
7.
DIVIDENDS
Group and company
1996
1995
$000's
$000's
First interim dividend of $0.21 per share paid (1995: $0.21)
9,716
9,716
Special dividend of $0.16 per share paid (1995: $0.40)
7,403
18,508
Second interim dividend of $0.10 per share declared (1995: $0.55)
4,627
25,447
Second special dividend of $0.55 per share declared (1995: Nil) Proposed final dividend of $0.76 per share (1995: $0.76) Proposed special dividend of $2.00 per share (1995: Nil)
25,447
35,164
35,164
92,536
174,893
88,835
223