NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
129
ANNUAL REPORT 2015
38.
RELATED PARTY DISCLOSURES
(a)
Sale and Purchase of Goods and Services
In addition to related party information disclosed elsewhere in the financial statements, significant transactions with
related parties on terms agreed between the parties are as follows:
Group
2015
2014
$’000
$’000
Associates/joint ventures
Sales of goods
17,383
18,325
Interest income
1,291
1,384
Receiving of services
2,873
7,737
Waiver on advances received from a joint venture
–
3,216
Reversal of interest charged to a joint venture
–
268
Holding company
Receiving of services
–
100
Other related parties
Office leases
–
761
Please refer to notes 21 and 34 for information on amounts due from/to subsidiaries, associates and joint ventures.
(b)
Key Management Personnel Compensation
The key management personnel compensation are as follows:
Group
2015
2014
$’000
$’000
Directors’ fees
908
828
Short-term employee benefits
1,479
2,124
Defined contribution plans
39
27
2,426
2,979
39.
CONTINGENT LIABILITIES
Company
2015
2014
$’000
$’000
Financial support given to those subsidiaries having:
– deficiencies in shareholders’ funds
84,851
5,244
– current liabilities in excess of current assets
130,527
529,910
