1996 — Page 122

2 TURNOVER

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

The Group The Company

1996

1996

HK$'000

HK$'000

1995

- HK$'000

Fare receipts

4,405,312

4,405,312

3,930,359

Advertising revenue

45,697

45,697

42,050

Other operating income

540

540

734

4,451,549

4,451,549

3,973,143

3 OPERATING PROFIT

Operating profit is arrived at

The Group

1996

The Company

HK$'000

1996

HK$'000

1995

HK$'000

after charging:

Amortisation and depreciation

293,004

293,004

252,579

Operating lease charges on temporary bus depots

and terminal shelters

1,712

1,712

1,397

Auditors' remuneration

927

902

860

Interest payable on bank loans and overdrafts

repayable

- within 5 years

31,282

31,282

22,195

over 5 years

6,741

Contributions to retirement schemes

-- Annual contributions

125,090

125,090

111,821

Special contribution

100,000

Additional provision for staff retirement fund

134,300

134,300

120,000

and crediting:

Interest income

30,723

27,891

32,447

49