Annual - Johnson Electric

32. Employee benefit expense (Cont’d)
32.4Senior Management Compensation (Cont’d)
NOTES TO THE ACCOUNTS
Emoluments band Number of individuals
2006 2005
US$384,001 – US$448,000 (HK$3,000,001 – HK$3,500,000) – 1
.............................................................................................................................................................................
US$640,001 – US$704,000 (HK$5,000,001 – HK$5,500,000) – 1
.............................................................................................................................................................................
US$832,001 – US$896,000 (HK$6,500,001 – HK$7,000,000) 1 –
.............................................................................................................................................................................
US$1,536,001 – US$1,600,000 (HK$12,000,001 – HK$12,500,000) 1 –
.............................................................................................................................................................................
33. Finance costs
2006 2005
US$’000 US$’000
Interest on bank loans and overdrafts 7,618 264
Interest on other loans, not wholly repayable within five years – 44
34. Income tax expenses
7,618 308
Hong Kong profits tax has been provided at the rate of 17.5% (2005: 17.5%) on the estimated assessable profit for
the year. Overseas tax has been provided at the applicable rates on the estimated assessable profit in respective
countries of operations for the year.
2006 2005
(restated)
US$’000 US$’000
Current taxation
Hong Kong profits tax (6,070) (8,599)
Overseas taxation (19,554) (3,789)
(Under) / over provisions in prior years (2,656) 1,014
(28,280) (11,374)
Deferred income tax (note 25) 6,396 (3,819)
(21,884) (15,193)
Johnson Electric Holdings Limited 101