Vtech 2002 Annual Report Download - page 47

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Annual Report 2002 45
Notes to the Financial Statements
4. DIRECTORS’ AND SENIOR EXECUTIVES’ EMOLUMENTS (continued)
Senior executives’ emoluments
The directors’ emoluments set out above exclude 2 senior executives (2001: 1) whose emoluments were among the five highest earning
employees of the Group. Details of the emoluments in aggregate for these executives are set out below:
2002 2001
US$ million US$ million
Salaries, allowances and benefits in kind 0.5 0.4
Bonuses 0.3 0.2
0.8 0.6
The emoluments fell within the following bands:
2002 2001
US$ Number of individuals Number of individuals
320,001–384,000 1—
448,001–512,000 1—
576,001–640,000 —1
21
5. NET FINANCE COSTS
2002 2001
US$ million US$ million
Interest expense
Wholly repayable within five years:
Bank loans and overdrafts 11.4 14.8
Finance leases 0.1 —
Not wholly repayable within five years:
Bank loans 0.1 0.9
Interest income (3.0) (3.2)
8.6 12.5
6. TAXATION
2002 2001
US$ million US$ million
Current tax
— Hong Kong 1.7 0.9
— Overseas 0.4 0.7
Underprovision in prior years
— Overseas 0.5 —
Deferred tax —0.2
2.6 1.8
Tax on profits has been calculated at the rates of taxation prevailing in the countries in which the Group operates.