CMB_1996 — Page 27

Notes on The Accounts (Continued)

6. TAXATION (Continued)

(c) No provision for deferred taxation is required as there are net deferred tax assets for both the company and the group. The major

components of the unprovided deferred tax are:-

Depreciation allowances in excess of related depreciation General provisions:

- major repair to motor buses

insurance

- employees' retirement schemes

- obsolescence of store and spare parts

others

Net deferred tax assets unprovided

7.

DIVIDENDS

Group and company

1996

1995

$000's

$000's

46,386

48,592

(1,040)

(908)

(41,921)

(40,482)

(16,030)

(14,006)

(2,787)

(2,640)

250

(4,069)

(15,142)

(13,513)

Group and company

1996

1995

$000's

$000's

First interim dividend of $0.21 per share paid (1995: $0.21) Special dividend of $0.16 per share paid (1995: $0.40)

9,716

9,716

7,403

18,508

Second interim dividend of $0.10 per share declared (1995: $0.55)

4,627

25,447

Second special dividend of $0.55 per share declared (1995: Nil) Proposed final dividend of $0.76 per share (1995: $0.76) Proposed special dividend of $2.00 per share (1995: Nil)

25,447

35,164

35,164

92,536

174,893 88,835

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