Sun Art Retail Group Limited - TodayIR.com

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 5 INCOME TAX (CONTINUED) (c) Income tax payables in the consolidated statement of financial position represent: Year ended 31 December 2012 2011 RMB million RMB million Balance at beginning of the year 338 244 (Over)/under-provision in respect of prior years (9) 14 Provision for current income tax for the year 974 871 Payment during the year (934) (791) Income tax payables at the end of the year 369 338 6 DIRECTORS’ REMUNERATION Directors’ remuneration disclosed pursuant to section 161 of the Hong Kong Companies Ordinance is as follows: Salaries, allowances Contributions Share-based Directors’ and benefits to retirement Discretionary payments 2012 fees in kind schemes bonus (note 7) Total RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Executive directors Bruno Robert Mercier – 1,592 196 175 6,312 8,275 Huang Ming-Tuan – 3,794 471 9,304 – 13,569 Non-executive directors Cheng Chuan-Tai – – – – – – Benoit Claude Francois Marie Joseph Leclercq – – – – – – Philippe David Baroukh – – – – – – Xavier Marie Alain Delom De Mezerac – – – – – – Christophe Maurice Paule Marie Joseph Dubrulle – – – – – – Independent non-executive directors Karen Yifen Chang 236 – – – – 236 He Yi 236 – – – – 236 Desmond Murray 267 – – – – 267 Total 739 5,386 667 9,479 6,312 22,583 Sun Art Retail Group Limited Annual Report 2012 81
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 6 DIRECTORS’ REMUNERATION (CONTINUED) Salaries, allowances Contributions Share-based Directors’ and benefits to retirement Discretionary payments 2011 fees in kind schemes bonus (note 7) Total RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 RMB’000 Executive directors Bruno Robert Mercier – 1,462 207 400 1,712 3,781 Huang Ming-Tuan – 2,028 332 269 – 2,629 Non-executive directors Cheng Chuan-Tai – – – – – – Christophe Maurice Paule Marie Joseph Dubrulle – – – – – – Philippe David Baroukh – – – – – – Xavier Marie Alain Delom De Mezerac – – – – – – Vianney Mulliez – – – – – – Tseng Ta Mon – – – – – – Chen Chi Chuan – – – – – – Hsu Sheng Yu – – – – – – Concord Greater China Limited – – – – – – Kofu International Limited – – – – – – Ruentex Development Co., Limited – – – – – – Ruentex Industries Limited – – – – – – Sinopac Global Investment Limited – – – – – – Independent non-executive directors Karen Yifen Chang 120 – – – – 120 He Yi 120 – – – – 120 Desmond Murray 143 – – – – 143 Total 383 3,490 539 669 1,712 6,793 No directors of the Company waived or agreed to waive any remuneration during the year. During the year, there were no amounts paid or payable by the Group to the directors or any of the five highest paid individuals set out in note 7 below as an inducement to join or upon joining the Group or as compensation for loss of office. 82 Sun Art Retail Group Limited Annual Report 2012
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