1988 — Page 45

NOTES ON THE ACCOUNTS

3 PROFIT BEFORE TAXATION

Profit before taxation is arrived at after charging:—

1988

HK$'000

Depreciation

190,895

1987 HK$'000 159,560

Operating lease charges on temporary depots

and terminal shelters

10,758

7.365

Auditors' remuneration

436

440

Interest payable on:-

Bank loans, overdrafts and loans repayable

within 5 years

41,664

Balance of premium on land

264

39,518 338

4 DIRECTORS' REMUNERATION

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

41

Services as Directors

Other emoluments

1988

1987

HK$'000

HK$'000

982

982

699

656

1,681

1,638

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