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Notes to the Consolidated Financial Statements

31st March 2017

8 EMPLOYEE BENEFIT EXPENSES (INCLUDING DIRECTORS’ EMOLUMENTS) (CONTINUED)

Notes: (Continued)

(b) Five highest paid individuals

The five individuals whose emoluments were the highest in the Group for the year include four (2016: four) directors whose
emoluments are reflected in the analysis presented in Note 9. The emoluments payable to the remaining one (2016: one) highest paid
individual during the year are as follows:

2017 2016
HK$’000 HK$’000
Basic salaries, housing allowances, other allowances and benefits in kind 1,384 1,380
Discretionary bonuses 2,000 7,000
Contributions to pension schemes 18 18

3,402 8,398

The emoluments fell within the following bands:

Number of individual
2017 2016
Emolument bands
HK$3,000,001 – HK$4,000,000 1 –
HK$8,000,001 – HK$9,000,000 – 1

(c) Senior management compensation

The emoluments of the senior management include the one (2016: one) individual whose emoluments are reflected in the analysis
presented in Note 8(b).

The emoluments of the remaining four (2016: two) senior management during the year are as follows:

Number of individual
2017 2016

Emolument bands
HK$1 – HK$1,000,000 1 –
HK$1,000,001 – HK$2,000,000 3 2

80 ALCO HOLDINGS LIMITED ANNUAL REPORT 2017