Annual Report 2021

136 Notes to the Financial Statements Annual Report 2021 Miramar Hotel and Investment Company, Limited 3 Profit before taxation (Continued) No employees of the Group were eligible to join the ORSO Scheme on or after 1 December 2000. The MPF Scheme is a defined contribution retirement plan administered by independent trustees. Under the MPF Scheme, the employer and its employees are each required to make contributions to the plan at 5% of the employees’ relevant income, subject to a cap of monthly relevant income of HK$30,000. Contributions to the plan vest immediately. In addition to the minimum benefits set out in the MPFO, the Group provides certain voluntary top-up benefits to employees participating in the MPF Scheme. The portion of employer’s contributions to which the employees are not entitled and which has been forfeited can be used by the Group to reduce the future contributions. The total amount so utilised for the year ended 31 December 2021 was HK$768,000 (2020: HK$292,000) and the balance available to be utilised as at 31 December 2021 was HK$0 (as at 31 December 2020: HK$534,000). Employees of subsidiaries in the People’s Republic of China (the “PRC”) are required to participate in defined contribution retirement schemes which are administered and operated by the local municipal government. Those subsidiaries contribute funds which are calculated on certain percentage of the average employee salary as agreed by the local municipal government to the scheme to fund the retirement benefits of the employees. 2021 2020 HK$’000 HK$’000 (b) Finance costs Interest on bank loan 11 23 Interest on amounts due to holders of non-controlling interests of a subsidiary – 322 Interest on lease liabilities (note 16(b)) 2,224 2,975 2,235 3,320 (c) Other non-operating net gain Net realised and unrealised gains on financial assets measured at FVPL (3,413) (1,055) (d) Operating and other expenses Advertising and promotion expenses 18,864 22,490 Commission and agency fee 15,710 13,679 Cleaning expenses 25,526 23,292 Credit card commission fee 6,927 5,842 Impairment loss on other property, plant and equipment (note 10(f)) 31,603 34,237 Legal and professional fee 16,968 17,205 Others 47,676 49,091 163,274 165,836