Chinese mainland income tax has been provided for based on the estimated assessable profits in accordance with the relevant tax laws applicable to the Group in the Chinese mainland.
Overseas taxation is calculated at the rates prevailing in the respective jurisdictions.
Amounts presented for the prior year have been restated to reflect the requirements of the revised standard. The objective of the Group's Programme is to ensure smooth transition of all computer systems, facilities and business interactions through and after the year 2000. The Group's Programme covers the phases of awareness, inventory checking, impact study and problem identification, remediation, testing, and implementation. Critical suppliers, vendors and service providers are being asked to confirm that their products and services are Year 2000 compliant. The Programme is now at the stage of remediation and testing.