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Annual Report 2011/12 - International Entertainment Corporation

Annual Report 2011/12 - International Entertainment Corporation

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Notes to the Consolidated Financial StatementsFor the year ended 31 March 20<strong>12</strong><strong>12</strong>. DIRECTORS’ EMOLUMENTS AND EMPLOYEES’ EMOLUMENTS (Continued)Employee’s emolumentsThe five individuals with the highest emoluments in the Group did not include any Directors for both years. Theemoluments of the five (<strong>2011</strong>: five) individuals in the Group were as follows:20<strong>12</strong> <strong>2011</strong>HK$’000 HK$’000Salaries and other benefits 10,205 10,544Contributions to retirement benefits scheme 286 229Discretionary or performance related incentive payments 360 34510,851 11,118Their emoluments were within the following bands:No. ofemployees20<strong>12</strong> <strong>2011</strong>No. ofemployeesHK$1,000,001 to HK$1,500,000 2 2HK$1,500,001 to HK$2,000,000 1 1HK$2,500,001 to HK$3,000,000 1 1HK$4,000,001 to HK$4,500,000 1 15 5The discretionary or performance related incentive payments are determined by reference to the individual performanceof the employees of the Group.During the year, no emolument was paid by the Group to the Directors or any of the five highest paid individualas inducement to join or upon joining of the Group or as compensation for loss of office. No Director waived anyemoluments in each of the two years ended 31 March 20<strong>12</strong>.64<strong>International</strong> <strong>Entertainment</strong> <strong>Corporation</strong> - <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>/<strong>12</strong>

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