1994 — Page 66

64

Notes on the Scheme of Control Statement

3.

Items not ranking for Scheme of Control

Items not ranking for Scheme of Control represent all other net income which is not generated from franchised bus operation. They mainly include interest income (excluding interest earned from bus insurance deposit) and income from disposal of

fixed assets.

4. Development Fund

Note

1994

HK$'m

1993

HK$'m

Balance at 1 January

29.8

Interest at 8% per annum on the average

balance of the Development Fund

1c(i)

1.2

Transfer to profit and loss account

Balance at 31 December

(31.0)

The Kowloon Motor Bus Company (1933) Limited