CMB_1996_Copy2 — 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

components of the unprovided deferred tax are:-

company

and the group. The major

Group and company

1996

1995

$000's

$000's

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

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)

7.

DIVIDENDS

Group and company

1996

1995

$000's

$000's

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

9,716

9,716

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

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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