Page 152 - URA Annual Report 2021-22

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-shun1
- Ian Wong Wai-kuen2 - Eric Poon Shun-wing
9 Senior management staff2 Total6
Managing Director - Wai Chi-sing
Executive Directors
- Ben Lui Sau-shun
- Michael Ma Chiu-tsee4 - Eric Poon Shun-wing5
9 Senior management staff & 1 Ex-senior management staff5
Total6
Notes:
2022
Fees Salaries $’000 $’000
- 4,491
- 2,146 - - - 3,092
- 23,868
- 33,597
Fees Salaries $’000 $’000
Provident fund scheme contributions
$’000 -
15 - 393
2,610
3,018
Sub-total $’000
4,491
2,161 - 3,485
26,478
36,615
Variable
pay Total
$’000 $’000 1,338 5,829
515 2,676 - - 770 4,255
6,717 33,195
9,340 45,955
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
2021
$’000 - 4,0323 2
- 2,5753 18 - 8063 6
- 2,194 - 22,930
- 32,537
280 2,533
2,839
Provident fund scheme contributions
Sub-total $’000
4,034
2,593 812 2,474
25,463
35,376
146 6.
Excluding compensation in lieu of leave in the aggregate sum of $776,000 (2020/21: $629,000).
1. The Executive Director retired on 31 December 2021.
2. A senior management staff was appointed as Executive Director with effect from 6 January 2022 on top of his current employment as senior management staff.
3. Voluntary salaries reduction by 10% in 2020/21.
4. The Executive Director retired on 14 July 2020.
5. The Executive Director ceased to be a senior management staff on 14 July 2020 and assumed his role with effect from 15 July 2020.