Annual Report 2009 - Greentown China Holdings Limited

Notes to the Consolidated Financial Statements
For The Year Ended 31 December 2009
11. DIRECTORS’ AND EMPLOYEES’ EMOLUMENTS (Continued)
His emoluments were within the following bands:
2009 2008
No. of
No. of
employees employees
HKD1,000,001 to HKD1,500,000 – 1
HKD18,500,001 to HKD19,000,000 1 –
During the year, no emoluments were paid by the Group to any of the directors or the five highest paid
individuals as an inducement to join or upon joining the Group or as compensation for loss of office.
12. TAXATION
2009 2008
RMB’000 RMB’000
Current tax:
PRC enterprise income tax 392,391 359,160
LAT 285,351 345,975
677,742 705,135
(Over)/Under-provision in prior years:
PRC enterprise income tax 38,302 1,892
LAT (117,455) –
(79,153) 1,892
Deferred tax (Note 21):
Current year (120,511) (77,939)
(120,511) (77,939)
478,078 629,088
No provision for income tax has been made for the Company and group entities incorporated in Hong Kong as
they have no assessable profits derived from Hong Kong.
No provision for income tax has been made for the Company and group entities established in the British Virgin
Islands (the “BVI”) as they are not subject to any income tax.
Greentown China Holdings Limited Annual Report 2009 133