CMB_1985 — Page 18

5.

Taxation

(a) Taxation in the profit and loss account represents:-

The group

The company

1985

1984

1985

1984

$000's

$000's

$000's

$000's

Estimated liability to Hong Kong

profits tax at 18% on the

assessable profits of the year

21,726

15.430

21,500

15,201

Overprovision in respect of

previous years

(103)

(258)

(103)

(258)

21,623

15.172

21,397

14.943

(b)

The liability to taxation represents:—

The group

The company

1985

1984

1985

1984

$000's

$000's

$000's

$000's

Estimated liability

to profits tax for the year

21,726

15.430

21,500

15.201

Balance of profits tax provision

relating to previous year

8,082

8,098

29.808

15.430

29.598

15.201

Taxation recoverable in respect

of previous year

(67)

(1)

29,808

15.363

29.598

15.200

6.

Dividends

Group and company

1985

1984

$000's

$000's

First interim dividend of

20 cents per share paid (1984: 18 cents)

9,253

8.329

Special bonus dividend of

5 cents per share paid (1984: 5 cents)

2,313

2,313

Second interim dividend of

18 cents per share declared (1984: 18 cents)

8,329

8.329

Proposed final dividend of

30 cents per share (1984: 30 cents)

13,880

13.880

33,775

32.851

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