1992 — Page 47

NOTES ON THE ACCOUNTS

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 :

1992

HK$'000

1991

HK$'000

Depreciation

171,664

150,177

Operating lease charges on

-temporary bus depots and terminal shelters

20,110

14,351

- buses

5,641

5,892

Auditors' remuneration

686

621

Interest payable on :

Bank loans, overdrafts and loans repayable

- within 5 years

22,911

30,172

over 5 years

15,582

9,712

Balance of premium on land

27

53

Provision for staff retirement fund

additional contribution

90,200

60,100

-annual contribution

77,694

68,008

4. DIRECTORS' REMUNERATION

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

Services as Directors

Other emoluments

45

1992

HK$'000

1991

HK$'000

1,229

1,142

1,370

1,166

2,599

2,308