CMB_1992 — Page 18

Notes on The Accounts (Continued)

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:-

The group

The company

1992

1991

1992

1991

$000's

$000's

$000's

$000's

Auditors' remuneration

Depreciation

Provision for employees' retirement schemes

current year

prior year

758

666

740

650

20

46

20

44

29,714

28,840

29,714

28,757

20,278

29,255

20,278

29,255

Provision for insurance

22,871 15,455

22,871

15,455

Provision for major repairs to motor buses

7,376

6,032

7,376

6,032

Operating lease charges for land and buildings

6,720

4,494

7,600

5,697

Exchange loss

175

175

Capital duty on increase in subsidiary's authorised share capital

and issue of subsidiary's shares at premium

2,860

and after crediting:-

Income from listed investments

Exchange gain

43

39

818

818

4.

EXCEPTIONAL ITEM

Exceptional item represents the incremental provision for employees' retirement schemes consequent upon revision of the general monthly-rated staff and senior executives retirement schemes during the year.

5. DIRECTORS' REMUNERATION

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

1992

1991

$000's

$000's

Fees

55

50

Bonus in accordance with article 155

Other emoluments

4,656

3,222

3,725

3,319

8,436

6,591

1

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