TNAG-1817-FCO40-2578-Broadcasting-in-Hong-Kong-1988 — Page 252

GF 323

CONFIDENTIAL

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Annex B

Suggested Definition of Operating Receipts

It is suggested that operating receipts should include the total gross sums as determined by the Financial Secretary received by the licensee in respect of :-

(a) (i)

television advertising,

(ii) licensing of programmes,

(iii) production of commercials and other video

materials, including the hire of studio and other facilities and personnel,

(iv)

(v)

publication and sale of television magazine(s), and

any other activity/business authorised by the Broadcasting Authority,

but should not include :-

(i)

bank interest or dividends on investments,

and

(ii)

the proceeds of the sale or redemption of investments, or

(iii) other capital assets;

(b) the gross value, as determined by the Financial

Secretary, of any assets, services or facilities received by the licensee and its subsidiary companies in lieu of any part of such total gross

sums.

CONFIDENTIAL #B

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