Annual Report - QuamIR

Notes to the Consolidated Financial Statements (Continued)
10 Directors’ and senior management’s emoluments
(Continued)
(b) Five highest paid individuals (Continued)
The emoluments fell within the following bands:
10
(b)
No of individuals
2011 2010
Emoluments band (in HK dollar)
HK$2,000,001 – HK$2,500,000 2,000,0012,500,000 – 1
HK$2,500,001 – HK$3,000,000 2,500,0013,000,000 1 –
HK$3,500,001 – HK$4,000,000 3,500,0014,000,000 1 –
HK$4,500,001 – HK$5,000,000 4,500,0015,000,000 – 1
11 Employee benefit expenses
11
2011 2010
HK$ Million HK$ Million
Wages, salaries and other benefits (154.6) (153.6)
Employee share option benefits, net (4.7) 4.8
Pension costs – defined contribution plan
(Note a)
a (2.5) (1.3)
Write back of unused annual leave accrual 0.1 0.1
Charged to income statement, net (161.7) (150.0)
Notes:
(a)
The Group uses the MPF scheme under the Hong Kong Mandatory
Provident Fund Schemes Ordinance for employees employed under the
jurisdiction of the Hong Kong Employment Ordinance. The MPF scheme
is a defined contribution retirement scheme administered by independent
trustees. Under the MPF scheme, the employer and its employees
are each required to make contributions to the scheme at 5% of the
employee’s relevant income, subject to a cap of monthly relevant income
of HK$20,000. Contributions to the scheme vest immediately. The
Group’s contribution to the employee pension schemes in the PRC is at
a percentage in compliance with the requirements of respective municipal
(a)
5%
20,000
governments.
(b)
The outstanding contributions payable totalling under the MPF scheme at
31 December 2011 were HK$0.1 million (2010: HK$0.1 million).
(b)
100,000
100,000
132 HKC (Holdings) Limited • Annual Report 2011