2008 Annual Report - Kenford Group Holdings Limited

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Notes to the Financial Statements For the year ended 31 March 2008 15. EMOLUMENTS FOR DIRECTORS AND FIVE HIGHEST PAID INDIVIDUALS (a) Directors’ emoluments: 2008 2007 HK$’000 HK$’000 Fees 7,268 288 Salaries, allowances and other benefi ts 1,794 7,143 Discretionary bonuses 3,548 1,500 Retirement benefi ts scheme contributions 36 36 12,646 8,967 The remuneration of directors for the year ended 31 March 2008 is set out below: Employer’s contribution Discretionary to pension Fees Salary bonuses scheme Total HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 Executive Directors Mr. Lam Wai Ming 3,380 878 2,650 12 6,920 Mr. Tam Chi Sang 2,220 576 585 12 3,393 Mr. Chan Kwok Tung, Donny (Note (i)) 1,380 340 313 12 2,045 Independent Non-executive Directors Mr. Chiu Fan Wa 96 – – – 96 Mr. Li Chi Chung 96 – – – 96 Mr. Li Tat Wah 96 – – – 96 7,268 1,794 3,548 36 12,646 Note: (i) Mr. Chan Kwok Tung, Donny resigned on 16 June 2008. Annual Report 2008 59
Notes to the Financial Statements For the year ended 31 March 2008 15. EMOLUMENTS FOR DIRECTORS AND FIVE HIGHEST PAID INDIVIDUALS (Continued) (a) Directors’ emoluments: (Continued) The remuneration of directors for the year ended 31 March 2007 is set out below: Employer’s contribution Other Discretionary to pension Fees Salary benefits bonuses scheme Total HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 Executive Directors Mr. Lam Wai Ming – 2,630 357 1,500 12 4,499 Mr. Tam Chi Sang – 2,340 344 – 12 2,696 Mr. Chan Kwok Tung, Donny – 1,313 159 – 12 1,484 Independent Non-executive Directors Mr. Chiu Fan Wa 96 – – – – 96 Mr. Li Chi Chung 96 – - – – 96 Mr. Li Tat Wah 96 – – – – 96 288 6,283 860 1,500 36 8,967 Bonuses granted to directors are based on performance. There were no arrangements under which a director waived or agreed to waive any remuneration for the year ended 31 March 2008 (2007: Nil). (b) Five highest paid individuals: The fi ve highest paid individuals for the year ended 31 March 2008 included three directors (2007: three) whose emoluments are refl ected in the analysis presented above. The emoluments payable to the remaining two (2007: two) individuals during the year are summarised as follows: 2008 2007 HK$’000 HK$’000 Salaries, allowances and other benefi ts 2,204 2,029 Discretionary bonuses 253 246 Retirement benefi ts scheme contributions 24 24 2,481 2,299 The emoluments fall within the following band: Number of individuals 2008 2007 Emolument band HK$1,000,001 – HK$1,500,000 2 2 No emolument was paid by the Group to any of the directors or the fi ve highest paid individuals as an inducement to join the Group or upon joining the Group or as compensation for loss of office for the year ended 31 March 2008 (2007: Nil). 60 KENFORD GROUP HOLDINGS LIMITED
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Contents Page 1. Corporate Informat
Page 4 and 5:
Chairman’s Statement On behalf of
Page 6 and 7:
Management Discussion and Analysis
Page 8 and 9:
Management Discussion and Analysis
Page 10 and 11: Report of the Directors PROPERTY, P
Page 12 and 13: Report of the Directors DIRECTORS
Page 14 and 15: Report of the Directors SUBSTANTIAL
Page 16 and 17: Report of the Directors SHARE OPTIO
Page 18 and 19: Report of the Directors SHARE OPTIO
Page 20 and 21: Report of the Directors TAXATION OF
Page 22 and 23: Directors' and Senior Management's
Page 24 and 25: Directors' and Senior Management's
Page 26 and 27: Corporate Governance Report BOARD O
Page 28 and 29: Corporate Governance Report CHAIRMA
Page 30 and 31: Corporate Governance Report NOMINAT
Page 32 and 33: Corporate Governance Report INVESTO
Page 34 and 35: Corporate Structure CORPORATE STRUC
Page 36 and 37: Independent Auditor’s Report OPIN
Page 38 and 39: Consolidated Balance Sheet As at 31
Page 40 and 41: Consolidated Statement of Changes i
Page 42 and 43: Notes to the Financial Statements F
Page 84 and 85: Five Years Financial Summary CONSOL
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2008 Annual Report - Kenford Group Holdings Limited

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