5.
Taxation
(a) Taxation in the profit and loss account represents:-
The group
The company
1988
1987
1988
1987
$000's
$000's
$000's
$000's
Estimated liability to Hong Kong
profits tax at 17% (1987: 18%)
on the assessable profits of the year
19,221
20,712
19,000
20,500
Overprovision in respect of
previous year
(337)
(253)
(336)
(252)
18,884
20,459
18,664
20,248
(b) The liability to taxation represents:-
The group
The company
1988
1987
1988
1987
$000's
$000's
$000's
- $000's
Estimated liability to profits
tax for the year
19,221
20,712
19,000
20,500
Balance of profits tax provision
relating to previous years
10,877
2,326
10,874
2,337
30,098
23,038
29,874
22,837
Less: Tax Reserve Certificate
purchased under order
of the Commissioner
of Inland Revenue
(1,618)
(1,618)
30,098
21,420
29,874
21,219
6.
Dividends
Group and company
1988
1987
$000's
$000's
First interim dividend of
21 cents per share paid (1987: 20 cents)
9.716
9.254
Special dividend of
5 cents per share paid (1987: 5 cents)
2,313
2,313
Second interim dividend of
18 cents per share declared (1987: 18 cents)
8,329
8,329
Proposed final dividend of
33 cents per share (1987: 32 cents)
15,269
14,806
35,627
34,702
16
No comments yet.
Private notes are available after approval.