Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HK Listco Ltd
Financial statements for the year ended 31 December 2023
Directors'
fees
Salaries,
allowances and
benefits in kind
Discretionary
bonuses
Retirement
scheme
contributions
Share-based
2022
Sub-Total
payments 151
Total
$'000
$'000
$'000
$'000
$'000
$'000
$'000
Chairman
Hon WS Tan
150
150
150
Executive directors
SK Ho
50
1,090
150
100
1,390
1,390
YK Ng
50
1,060
125
100
1,335
125
1,460
PK Smith
50
1,160
150
110
1,470
200
1,670
40
600
70
60
770
50
820
BC Tong
Independent non-
executive directors
TY Sham
100
100
100
YH Li
100
100
100
AC Man
100
100
100
640
3,910
495
370
5,415
375
5,790
Note:
A16(25)
HKAS 24.17
These represent the estimated value of share options granted to the directors under the company's share option scheme. The
value of these share options is measured according to the group's accounting policies for share-based payment transactions as
set out in note 1(x)(iii) and, in accordance with that policy, includes adjustments to reverse amounts accrued in previous years
where grants of equity instruments are forfeited prior to vesting.
The details of these benefits in kind, including the principal terms and number of options granted, are disclosed under the
paragraph "Share option scheme" in the directors' report and note 29. In addition, the company has given a guarantee on
behalf of a director to a finance company. This benefit in kind is disclosed in note 23.
INDIVIDUALS WITH HIGHEST EMOLUMENTS
Of the five individuals with the highest emoluments, three (2022: three) are directors whose
emoluments are disclosed in note 7. The aggregate of the emoluments in respect of the other two
(2022: two) individuals are as follows:
2023
2022
$'000
$'000
A16(25)(1)
A16(25)(3)
Salaries and other emoluments
1,500
1,400
Discretionary bonuses
150
140
Share-based payments
150
150
A16(25)(2)
Retirement scheme contributions
140
130
1,940
1,820
C(DIBD)R.4(2)(b)
151
The CO requires entities to disclose the nature of any non-cash benefits included in the total amounts disclosed for emoluments,
retirement benefits, compensation or consideration paid to third parties. However, it is not necessary to separately disclose the
monetary amounts of those non-cash benefits included in the totals. In the illustration above this requirement is met by separately
disclosing share-based payments. Other examples could include allowing the director to live in accommodation owned by the
company rent-free.
97
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