CMB_1989 — Page 21

Turnover

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

Profit before taxation

Profit before taxation is arrived at after charging:—

Interest on loans wholly repayable

The group

The company

1989

1988

1989

1988

$000's

$000's

$000's

$000's

within 5 years

10

249

10

249

Auditors' remuneration

current year

462

410

450

400

prior year

28

(11)

28

(11)

Depreciation

27,731

29,074

27,632

28.976

Exchange loss

2,342

2,342

Provision for employees' retirement

gratuities

4,745

5.101

4,745

5,101

Provision for insurance

29,000

20,377

29,000

20,377

Provision for major repairs to

motor buses

5,670

5,810

5,670

5,810

Provision for spare parts obsolescence

1,000

1,000

Operating lease charges for land and

building

3,398

2,945

4,692

4,238

and after crediting:-

Income from listed investments Exchange gain

233

29

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

15

HONG KONG PUBLIC LIBRARIES

1989

1988

$000's

$000's

50

50

3,273

3,666

2,957

2,565

6,280

6,281