FINANCIAL REVIEW
J2.000
10,000
8,000
6.000
4.000
2,000
Number of employees
1991
Bus captains
Service dept. staff
1992
1993
1994 1995
Other Traffic dept staff
Others
Staff cost and number of staff
per bus
HKSM
2,500
2,000
1,500
Staff cost
السا
1,000
ॐ
100
80
60
40
1991
Staff cost
1992
1993
1994
Number of staff per bus
Debt maturity profile
1995
4.0
3.8
3.6
3.4
3.2
Mansact 3.0
Number of staff per bus
banks in the event of default of the Company's obligations
under the respective loan agreements. The maturity profile of
the long term bank loans of the Company is set out in note 18
to the accounts.
Capital Expenditure and Commitments
Capital expenditure incurred during the year amounted to
HK$551 million, of which HK$500 million was for the
purchase of buses and other motor vehicles, HK$27 million
was for the improvement of depot facilities and HK$24 million
was for the purchase of furniture, fixtures, computers and
other equipment.
At 31 December 1995, the Company had on order an
additional 2 single-deck and 142 double-deck buses. Capital
commitments outstanding and not provided for in the
accounts at 31 December 1995 amounted to HK$809 million.
Scheme of Control Statement
A Scheme of Control Statement relating to the Company's
franchised bus operations for the year ended 31 December
1995 is presented on pages 61 to 64 of this Annual Report. The
content of the Statement indicates more clearly the method of
calculation of the Permitted Return under the Profit Control
Scheme and provides a breakdown of bus operation
expenses.
20
0
1991
1992
1993
1994
1995
Over 5 years
Between 2 & 5 years
Between 1 & 2 years
Within 1 year
18
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