Page 142 - Urban Renewal Authority 2023-24 Annual Report

NOTES TO THE FINANCIAL STATEMENTS

(expressed in Hong Kong Dollars)

6. Operating deficit before income tax (Continued)

Operating deficit 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 (Continued)
2024 2023

Their remuneration fell within the following bands:
No. of No. of
Individuals Individuals

$1 to $500,000 – 1
$1,000,001 to $1,500,000 2 –
$1,500,001 to $2,000,000 – 2
$2,000,001 to $2,500,000 2 –
$3,000,001 to $3,500,000 4 3
$3,500,001 to $4,000,000 2 2
$4,000,001 to $4,500,000 2 3
$4,500,001 to $5,000,000 1 1
$6,000,001 to $6,500,000 1 1

Total 14 13

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 or 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.

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