1990 — Page 41

2 TURNOVER

Turnover comprises fares and other income from the operation of franchised public buses by the Company.

3 PROFIT BEFORE TAXATION

Profit before taxation is arrived at after charging:

1990

1989

HK$'000

HK$'000

Depreciation

138,082

227,188

Operating lease charges on

-temporary bus depots and terminal shelters

18,062

18,312

- buses

3,500

Auditors' remuneration

595

537

Interest payable on:

Bank loans, overdrafts and loans repayable

within 5 years

Balance of premium on land

45,040 132

41,110

201

NOTES

ON THE

4 DIRECTORS' REMUNERATION

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

ACCOUNTS

Services as Directors

Other emoluments

1990 HK$'000

1989 HK$'000

1,136

982

886

783

2,022

1,765

39