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Notes to the Consolidated Financial Statements

31st March 2018

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 (2017: four) directors whose
emoluments are reflected in the analysis presented in Note 9. The emoluments payable to the remaining one (2017: one) individuals
during the year are as follows:

2018 2017
HK$’000 HK$’000

Basic salaries, housing allowances, other allowances and benefits in kind 2,600 1,384
Discretionary bonuses – 2,000
Contributions to pension schemes 120 18
2,720 3,402

The emoluments fell within the following bands:

Number of individual
2018 2017
Emolument band
HK$2,000,001 – HK$3,000,000 1 –
HK$3,000,001 – HK$4,000,000 – 1

(c) Senior management compensation

The emoluments of the senior management include one (2017: one) individual whose emoluments are reflected in the analysis
presented in Note 8(b).

The emoluments of the remaining three (2017: four) senior management during the year are as follows:

Number of individual
2018 2017
Emolument bands
HK$1 – HK$1,000,000 – 1
HK$1,000,001 – HK$2,000,000 3 3

ALCO HOLDINGS LIMITED ANNUAL REPORT 2018 91