4.
NOTES ON THE ACCOUNTS (CONTINUED)
DIRECTORS' REMUNERATION
Directors' remuneration disclosed pursuant to section 161 of the Companies Ordinance is as follows:-
Fees
Other emoluments
5.
TAXATION
Hong Kong —
Company
- Subsidiary companies
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Group
1991
HK$'000
1990
HK$'000
675
650
3,995
3,613
4,670
4,263
Group
1991
1990
HK$'000
HK$'000
10,200
10,312
8,707
6,962
18,907
17.274
Hong Kong profits tax has been provided at the rate of 16.5% (1990: 16.5%) on the estimated assessable profits for the year less relief for available tax losses where applicable.
No provision for deferred tax is required as the effect of cumulative timing differences, which are principally related to depreciation. allowances, are not expected to crystallise in the foreseeable future. Potential liabilities unprovided for the group and for the company are $67 million (1990: $51 million).
6.
GROUP PROFIT AFTER TAXATION
The group profit after taxation includes an amount of $110,230,000 (1990: $97,354,000) which has been dealt with in the accounts of
the company.
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