CMB_1995 — Page 25

Notes on The Accounts (Continued)

6. TAXATION

(a) Taxation in the profit and loss accounts represents:-

Estimated liability to Hong Kong profits tax at 16.5%

(1994: 16.5%) on the assessable profits of the year Under/(over) provision in respect of previous year

The group

The company

1995

1994

1995

1994

$000's

$000's

$000's

$000's

14,341

10,380

14,220

10,300

42

(650)

42

(681)

14,383

9,730

14,262

9,619

(b) The liability to taxation represents:-

Estimated liability to profits tax for the year Provisional profits tax paid relating to current year

Balance of profits tax provision relating to previous year

14,341 (10,135)

10,380 14,220

10,300

(10,135)

4,206

10,380

4,085

10,300

5

2,464

2,464

4,211

12,844

4,085

12,764

(c) No provision for deferred taxation is required as there are net deferred tax assets for both the

components of the unprovided deferred tax are:-

company

and the group. The major

Group and company

1995

1994

$000's

$000's

Depreciation allowances in excess of related depreciation General provisions

Net deferred tax assets unprovided

7. DIVIDENDS

48,592

48,111

(62,105) (62,410)

(13,513)

(14,299)

Group and company

1995

1994

$000's

$000's

First interim dividend of $0.21 per share paid (1994: $0.21) Special dividend of $0.40 per share paid (1994: $0.30)

9,716

9,716

18,508

13,881

Second interim dividend of $0.55 per share declared (1994: $0.50) Proposed final dividend of $0.76 per share (1994: $0.74)

25,447

23,134

35,164

34,238

88,835

80,969

21

2222222

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