2016 — Page 99

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PROFIT BEFORE TAXATION

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

Profit before taxation is arrived at after charging/(crediting) the amounts as set out below. The disclosures presented in this note include those amounts charged/(credited) in respect of the discontinued operation.

(a)

Staff costs:

2016

HK$'000

2015

HK$'000

Expense recognised in respect of defined benefit retirement plan

(note 18(a)(v))

1,444

4,091

Contributions to defined contribution retirement plan

2,775

2,778

Total retirement costs

4,219

6,869

Salaries, wages and other benefits

90,915

92,463

95,134

99,332

(b)

Other items:

2016

2015

HK$'000

HK$'000

Amortisation of leasehold land premium

1,369

1,369

Depreciation

5,884

5,893

Auditor's remuneration

Cost of inventories (note 19(b))

- audit services

- other services

―

87,224

531,507

1,692

1,689

335

305

Operating lease charges: minimum lease payments

- property rentals

2,146

5,217

Impairment losses on trade and other receivables

90

2,070

Rentals receivable from investment properties less direct outgoings

of HK$46,114,000 (2015: HK$33,250,000) (note)

(42,985)

(33,379)

Rentals receivable from operating leases, other than

those relating to investment properties, less direct outgoings

of HK$1,010,000 (2015: HK$994,000)

(2,281)

(4,269)

Interest income

(22,531)

(25,978)

Dividend income from listed investments

(25,219)

(24,756)

Note: Included contingent rental income of HK$2,454,000 (2015: HK$707,000).

Hong Kong Ferry (Holdings) Company Limited

Annual Report 2016

97