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 company and the group. The major
components of the unprovided deferred tax are:-
1.
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
DIVIDENDS
Group and company
1997
1996
$000's
$000's
40,917
46,386
(1,040)
(1,040)
(26,941)
(41,921)
(18,907)
(16,030)
(3,187)
(2,787)
438
250
(8,720)
(15,142)
Group and company
1997
1996
$000's
$000's
First interim dividend of $0.21 per share paid (1996: $0.21) Special dividend of $1.60 per share paid (1996: $0.16)
9,716
9,716
74,029
7,403
Second interim dividend of $0.10 per share declared (1996: $0.10)
4,627
4,627
Second special dividend of $1.40 per share declared (1996: $0.55)
64,776
25,447
Proposed final dividend of $0.50 per share (1996: $0.76) Proposed special dividend of $2.00 per share (1996: $2.00)
23,134
35,164
92,536 92,536
268,818
174,893
23