1996 — Page 124

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5

MANAGEMENT REMUNERATION

The two (1995: two) highest individuals' remuneration is shown in Note 4. The aggregate amount of the remaining three (1995: three) highest individuals' aggregate remuneration is as follows:

1996

HK$'000

1995

HK$'000

Salaries and allowances

4,666

4.263

Discretionary and performance related bonuses

1,536

886

Retirement fund contributions

418

380

6,620

5,529

The above remuneration is analysed as follows:

Exceeding

Not exceeding

Number of executives

1996

1995

HK$1,500,000

HK$2,000,000

HK$2,500,000

6

TAXATION

HK$2,000,000

1

2

HK$2,500,000

1

1

HK$3,000,000

1

(a) Taxation in the profit and loss accounts represents:

Provision for Hong Kong profits tax at 16.5%

on the estimated assessable profits of the

year

Overprovision in respect of prior year

51

The Group

The Company

1996

HK$'000

1996

HK$'000

1995

HK$'000

68,000

68,000

83,400

(5,512)

(5,512)

(6,237)

62,488

62,488

77,163