CMB_1988 — Page 17

2.

Turnover

Turnover comprises fares and other income from the operation of franchised motor buses by the company.

3.

Profit before taxation

Profit before taxation is arrived at after charging:-

Interest on loans wholly repayable

The group

The company

1988

1987

1988

1987

$000's

$000's

$000's

$000's

within 5 years

249

742

249

742

Auditors' remuneration

current year

410

400

400

390

prior year

(11)

51

(11)

50

Depreciation

29,074

30,514

28,976

30,416

Exchange loss

43

43

Provision for employees' retirement

gratuities

5,101

5,545

5,101

5,545

Provision for insurance

20,377

1,971

20,377

1,971

Provision for major repairs to

motor buses

5,810

6,091

5,810

6,091

Provision for spare parts obsolescence

1,000

2,000

1,000

2,000

and after crediting:---

Income from listed investments

Exchange gain

9

23

1,310

1,310

4.

Directors' remuneration

Directors' remuneration disclosed pursuant to section 161 of the Companies Ordinance is as follows:-

Fees

Bonus in accordance with article 155

Other emoluments

HONG KONG PUBLIC LIBRARIES

15

1988

1987

$000's

$000's

50

50

3,666

3,854

2,565

2,110

6,281

6,014