Urban Renewal Authority 2018-19 Annual Report

148 (expressed in Hong Kong Dollars) NOTES TO THE FINANCIAL STATEMENTS 6. Operating surplus before income tax (Continued) Operating surplus before income tax is arrived at after charging/(crediting) the following items: (Continued) (f) Managing Director, Executive Directors and senior management’s remuneration paid or payable during the year (Continued) 2019 2018 Their remuneration fell within the following bands: No. of Individuals No. of Individuals $500,000 to $1,000,000 3 – $1,000,001 to $1,500,000 2 – $1,500,001 to $2,000,000 – 1 $3,000,001 to $3,500,000 2 2 $3,500,001 to $4,000,000 5 5 $4,000,001 to $4,500,000 1 2 $5,000,001 to $5,500,000 1 1 Total 14 11 There were no payments made or benefits provided in respect of the termination of director service or consideration provided to/receivable by third parties in respect of the services of directors, whether in the capacity of directors or in any other capacity while directors. There were no loans, quasi-loans provided to the directors. No significant transactions, arrangements or contracts in relation to the Group’s business to which the Authority was a party, and in which a director of the Authority had a material interest, whether directly or indirectly, subsisted at the end of the year or at any time during the year.