1991 — Page 45

NOTES ON THE ACCOUNTS

5. TAXATION

a. Taxation in the profit and loss account represents :

Provision for Hong Kong profits tax at 16.5%

(1990-16.5%) on the profits of the year (Over)/Under-provision in respect of prior years

1991

HK$'000

1990

HK$'000

43,049

33,900

(424)

302

42,625

34,202

b. Taxation in the balance sheet represents :

Provision for Hong Kong profits tax for the year Provisional profits tax paid

43,049

33,900

(25,107)

(20,589)

17,942

13,311

c. No provision for deferred taxation has been made as the Directors consider that no liability would be likely to arise as a result of the reversal of timing differences in the foreseeable future. The full potential liability for deferred taxation calculated on the liability method is as follows:

Depreciation allowances in excess of

related depreciation

General provisions

6.

DIVIDENDS

1991

HK$'000

1990

HK$'000

198,697

160,041

(40,407)

(27,441)

158,290

132,600

1991

HK$'000

1990

HK$'000

Interim dividend of 15 cents per (1990-13 cents per share)

share

60,546

52,473

Final dividend of 43 cents per share

(1990-39 cents per share)

173,565

157,419

234,111

209,892

41

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