CMB_1996_Copy2 — Page 26

The exceptional item in 1995 represents the surpluses attributable to the disposal of the leasehold land and buildings.

5.

DIRECTORS' REMUNERATION

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

1996

1995

$000's

$000's

Fees

Bonus in accordance with article 155 Salaries, allowances and other benefits Retirement schemes contribution

55

55

1,727

3,631

8,019

7,127

264

236

10,065

11,049

Fees and other emoluments in respect of independent non-executive directors for the year ended 30th June, 1996 amounted to HK$503,399 (1995: $1,047,570).

6. TAXATION

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

Estimated liability to Hong Kong profits tax at 16.5%

(1995: 16.5%) on the assessable profits of the year (Over)/under provision in respect of previous year

The group

The company

1996

1995

1996

1995

$000's

$000's

$000's

$000's

1,653

14,341

1,527

14,220

(46)

42

(46)

42

1,607

14,383

1,481

14,262

(b) The liability to taxation represents:-

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

1,653

14,341

1,527

14,220

(10,135)

(10,135)

1,653

4,206

1,527

4,085

Balance of profits tax provision relating to previous year

3,872

5

3,832

5,525

4,211

5,359

4,085

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