Annual Report 2021

ANNUAL REPORT 2021 135 10. EMPLOYEES’ EMOLUMENTS (a) Emoluments of senior management Of the thirteen (2020: eight) senior management of the Company for the year ended 31 December 2021, six (2020: four) of them are directors of the Company and their remuneration has been disclosed in note 9. The total emoluments of the remaining seven (2020: four) senior management is as follows: 2021 2020 HK$’million HK$’million Salaries, other allowances and benefit-in-kinds 8 7 Performance related incentive payments 3 5 11 12 The emoluments fell within the following bands: Number of senior management 2021 2020 Below HK$1,500,000 3 — HK$1,500,001 - HK$2,000,000 2 — HK$2,000,001 - HK$2,500,000 2 1 HK$2,500,001 - HK$3,000,000 — 2 HK$3,000,000 - HK$3,500,000 — 1 7 4 (b) Five highest paid individuals Of the five individuals with the highest emoluments in the Group, two (2020: three) are directors and three (2020: two) are senior management of the Company whose emoluments are included in notes 9 and 10(a), respectively. During the years ended 31 December 2021 and 2020, no emoluments were paid by the Group to any of the directors of the Company or the chief executive of the Group or the five highest paid individuals as an inducement to join or upon joining the Group or as compensation for loss of office. None of the directors of the Company or the chief executive of the Group waived any emoluments during the years ended 31 December 2021 and 2020.