Page 142 - URA Annual Report 2020-21

NOTES TO THE FINANCIAL STATEMENTS
(expressed in Hong Kong Dollars)
6.
Operating surplus before income tax (Continued)
Operating surplus before income tax is arrived at after charging/(crediting) the following items: (Continued)
(b) Managing Director, Executive Directors and senior management’s remuneration paid or
payable during the year
Managing Director - Wai Chi-sing
Executive Directors
- Ben Lui Sau-shun
- Michael Ma Chiu-tsee2 - Eric Poon Shun-wing3
9 Senior management staff & 1 Ex-senior management staff3
Total4
Managing Director - Wai Chi-sing
Executive Directors
- Ben Lui Sau-shun
- Michael Ma Chiu-tsee
9 Senior management staff Total4
Notes:
2021
Fees Salaries $’000 $’000
- 4,0321
- 2,5751 - 8061 - 2,194
- 22,930
- 32,537
Fees Salaries $’000 $’000
- 4,374
- 2,864 - 3,146
- 23,854
- 34,238
Provident fund scheme contributions
$’000 2
18 6 280
2,533
2,839
Sub-total $’000
4,034
2,593 812 2,474
25,463
35,376
Variable
pay Total
$’000 $’000 1,338 5,372
686 3,279 226 1,038 549 3,023
6,650 32,113
9,449 44,825
Variable
pay Total
$’000 $’000 1,312 5,704
686 3,568 785 3,949
6,724 33,095
9,507 46,316
2020
Provident fund scheme contributions
$’000 18
18 18
2,517
2,571
Sub-total $’000
4,392
2,882 3,164
26,371
36,809
138
URA ANNUAL REPORT 2020-21
1. 2. 3.
4.
Voluntary salaries reduction by 10% in 2020/21. The Executive Director retired on 14 July 2020.
The Executive Director ceased to be a senior management staff on with effect from 15 July 2020.
14 July 2020 and assumed his role Excluding compensation in lieu of leave in the aggregate sum of $629,000 (2019/20: $432,000).