1995 — Page 116

NOTES ON THE ACCOUNTS

2. TURNOVER

Turnover comprises fares and other income from the operation of franchised public buses by the Company analysed as follows:

1995

HK$'000

1994

HK$'000

Fare receipts

3,930,359

3,462,082

Advertising revenue

42,050

37,325

Other operating income

734

674

3,973,143

3,500,081

3. OPERATING PROFIT

1995

HK$'000

1994

HK$'000

Operating profit is arrived at after charging:

Amortisation and depreciation

252,579

222,619

Operating lease charges on temporary bus depots and

terminal shelters

1,397

1,411

Auditors' remuneration

860

757

Interest payable on bank loans and overdrafts repayable

- within 5 years

22,195

28,369

- over 5 years

6,741

Contributions to retirement schemes

- Annual contributions

111,821

99,341

Special contribution

100,000

Additional provision for staff retirement fund

120,000

192,000

and crediting:

Interest income

32,447

26,532

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