106
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
for the financial year ended 31 December 2014
28.
SIGNIFICANT TRANSACTIONS WITH RELATED COMPANIES AND RELATED PARTIES
In addition to the information disclosed elsewhere in the financial statements, the following were
significant transactions between the Company and its related companies and related parties on rates
and terms agreed between the parties during the financial year:
Group
Company
2014
2013
2014
2013
$’000
$’000
$’000
$’000
With subsidiaries
Sales
–
–
15,878
29,347
Purchases
–
–
10,656
20,175
Rental income
–
–
127
190
Management fee income
–
–
–
4
Dividend income
–
–
17
–
Interest Income
–
–
26
42
Other income
–
–
–
11
Other expense
–
–
–
53
Sale of plant and equipment
–
–
–
22
With associates
Purchases
258
2,863
258
2,863
With companies related to
directors of the Company
Sales
1,407
4,168
963
3,855
Purchases
2,046
5,904
2,042
5,861
Commission and other income
109
389
26
117
Management fee
–
354
–
120
Processing fee
376
979
–
–
Other charges
141
198
66
34
