2018E — Page 124

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

LO

5

PROFIT BEFORE TAXATION

Profit before taxation is arrived at after charging/(crediting):

(a) Staff costs:

2018

HK$'000

2017

HK$'000

Expense recognised in respect of defined benefit retirement plan

(note 16 (a)(v))

1,337

1,346

Contributions to defined contribution retirement plan

2,675

2,427

Total retirement costs

Salaries, wages and other benefits

4,012

3,773

97,301

87,389

101,313

91,162

(b) Other items:

Amortisation of leasehold land premium

Depreciation

Cost of inventories (note 17(b))

Auditor's remuneration

- audit services

- other services

2018

2017

(restated)

HK$'000

HK$'000

1,369

1,369

5,445

5,676

512,935

53,146

1,764

1,737

351

335

Operating lease charges: minimum lease payments

- property rentals

2,734

2,684

Impairment losses on trade and other receivables

122

Rentals receivable from investment properties less direct outgoings

of HK$54,125,000 (2017: HK$51,340,000) (note)

(45,096)

(44,096)

Rentals receivable from operating leases, other than those relating

to investment properties, less direct outgoings of HK$2,309,000 (2017: HK$1,731,000)

Interest income

Dividend income from other financial assets designated

at FVPL

Dividend income from other financial assets designated

at FVOCI

(887)

(1,193)

(37,105)

(35,148)

(3,174)

(390)

(9,436)

(11,273)

Note:

Included contingent rental income of HK$4,054,000 (2017: HK$2,324,000).

122

Hong Kong Ferry (Holdings) Company Limited Annual Report 2018