CMB_1990 — Page 29

2.

Turnover

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

3.

Profit before exceptional item

Profit before exceptional item is arrived at

after charging:-

Interest on loans wholly repayable

The group

The company

1990

1989

1990

1989

$000's

$000's

$000's

$000's

within 5 years

10

10

Auditors' remuneration

current year

567

462

555

450

- prior year

46

28

45

28

Depreciation

28,535

27,731

28,437

27,632

Exchange loss

2,342

2,342

Provision for employees' retirement

gratuities

8,000

4,745

8,000

4,745

Provision for insurance

26,562

29,000

26,562

29,000

Provision for major repairs to

motor buses

5,467

5,670

5,467

5,670

Operating lease charges for land and

building

3.513

3,398

4,807

4,692

and after crediting:-

Income from listed investments

Exchange gain

32

29

664

664

Exceptional item

Exceptional item represents the incremental provision for employees' retirement gratuities consequent upon the revision of employees' retirement scheme during the year.

5.

Directors' remuneration

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

1990

1989

$000's

$000's

Fees

Bonus in accordance with article 155

Other emoluments

60

50

1,061

3,273

3,248

2,957

4,369

6,280

15