Annual Report 2019

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 綜合財務報表附註 FOR THE YEAR ENDED 31ST DECEMBER, 2019 截至二零一九年十二月三十一日止年度 HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 142 28. CONTINGENT LIABILITIES (Continued) On 28th October, 2019, a settlement proposal (the “Settlement Proposal”) regarding above tax audits and the years of assessment 2013/2014 to 2018/2019 was submitted by the Company to the IRD, which was approved by the IRD on 17th December, 2019. Based on the Settlement Proposal, no additional tax provision is required be provided by the Group and previous years’ tax provision amounting to HK$8,310,000 and interest payable of HK$1,773,000 were settled by the tax reserve certificates of HK$11,171,000 purchased in prior years. Further, a tax penalty of HK$1,385,000 was charged by the IRD. 29. RELATED PARTY TRANSACTIONS The remuneration of directors, who are the key management of the Group, during the year are as follows. 2019 2018 二零一九年 二零一八年 HK$’000 HK$’000 千港元 千港元 Short-term benefit 短期福利 14,952 16,678 Post-employment benefit 退休金 54 62 Share-based payments 以股份支付之支出 2,854 1,453 17,860 18,193 The remuneration of executive directors, who are also the key executives of the Group, is determined by the remuneration committee having regard to the performance of individuals and market trends. 28. 或然負債 （續） 於二零一九年十月二十八日，本公司就上述稅 務稽查及二零一三年╱二零一四年至二零一八 年╱二零一九年課稅年度向稅務局提交和解建 議書（「和解建議書」），且和解建議書於二零一九 年十二月十七日獲稅務局批准。根據和解建議 書，本集團無須計提額外稅項撥備，而往年之 稅項撥備 8,310,000 港元及應付利息 1,773,000 港元已通過於過往年度購買之 11,171,000 港元 之儲稅券結算，此外，稅務局已徵收 1,385,000 港元稅款罰金。 29. 關連人士交易 身為本集團主要管理人員之董事於年內之酬金 如下。 執行董事亦身兼本集團主要行政人員，彼等之 酬金由薪酬委員會視乎個人表現及市場趨勢釐 定。