Annual Report 2016
151
Financial Section
15 Benefits and Interests of Directors
(continued)
(a) Directors’ emoluments
(continued)
Notes:
(i)
The amounts represented emoluments paid or receivable in respect of a person’s services as a director, whether of the
Company or its subsidiary undertakings.
(ii)
The amounts represented emoluments paid or receivable in respect of a person’s other services in connection with the
management of the affairs of the Company or its subsidiary undertakings and included salaries, discretionary bonuses,
employer’s contributions to retirement benefit schemes and housing allowance.
(iii)
Other benefits represented share option. The value of the share options granted to the directors of the Company under the
share option schemes of the Company and its subsidiaries represents the fair value of these options charged to the
consolidated income statement for the year in accordance with HKFRS 2.
(iv)
No director waived or agreed to waive any emoluments during the year.
(b) Directors’ material interests in transactions, arrangements or contracts
On 11 April 2014, a master services agreement (the “Mr. Doo Master Services Agreement”) was entered into between
the Company and Mr. Doo Wai-Hoi, William, Non-executive Vice-chairman (“Mr. Doo”) for a term of three years
commencing from 1 July 2014 in respect of the provision of certain operational and rental services by companies
owned by Mr. Doo to the Group, and vice versa. For the year ended 30 June 2016, the aggregate amount of the
transactions amounted to approximately HK$1,725.1 million (2015: HK$1,209.3 million).
On 20 November 2015, Mr. Doo and the Company entered into a supplemental agreement to the Mr. Doo Master
Services Agreement, with FSE Engineering Holdings Limited (“FSE Engineering”) and FSE Management Company
Limited (“FSE Management”) joining in as parties, as a definitive agreement to better reflect the provision and receipt
of the abovementioned operational and rental services by FSE Engineering and FSE Management.
Save as mentioned above, no other significant transactions, arrangements and contracts in relation to the Group’s
business to which the Company was a party and in which a director of the Company had a material interest, whether
directly or indirectly, subsisted at the end of the year or at any time during the year.
