Annual Report 2003 - Clear Media

NOTES TO FINANCIAL STATEMENTS
31 December 2003
7. Directors’ Remuneration
The remuneration of the directors of the Company for the year disclosed pursuant to the Listing Rules and Section
161 of the Hong Kong Companies Ordinance is analysed as follows:
Group
2003
HK$’000
2002
HK$’000
Fees:
Executive directors – –
Non-executive directors 360 360
Independent non-executive directors 327 240
687 600
Other emoluments of executive directors:
Basic salaries, other allowances and benefits in kind 6,299 6,893
Pension scheme contributions 46 48
Other emoluments of non-executive directors:
Basic salaries, other allowances and benefits in kind 1,053 963
Pension scheme contributions 12 12
7,410 7,916
8,097 8,516
The number of directors whose remuneration fell within the following bands is as follows:
Numbers of directors
2003 2002
Nil – HK$1,000,000 11 10
HK$1,000,001 – HK$1,500,000 1 –
HK$1,500,001 – HK$2,000,000 2 2
HK$2,000,001 – HK$2,500,000 1 1
15 13
During the year, discretionary bonuses paid to or receivable by the directors amounted to HK$43,000 (2002:
HK$387,000). No directors waived or agreed to waive any remuneration during the year (2002: Nil). In addition,
no emoluments were paid by the Group to the directors as an inducement to join, or upon joining the Group, or as
a compensation for loss of office (2002: Nil).
During the year, 7,006,000 share options were granted to the directors in respect of their services to the Group,
further details of which are set out under the heading “Share option schemes” in the Report of the Directors on
pages 54 to 58. No value in respect of the share options granted during the year has been charged to profit and loss
account, or is otherwise included in the above directors’ remuneration disclosures.
Clear Media Limited
Annual Report 2003
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