27.
OTHER RESERVES (CONTINUED)
(c)
Fair value reserve
Fair value reserve represents the cumulative fair value changes, net of tax, of available for
sale financial assets until they are disposed of or impaired.
(d)
Premium paid on acquisition of non-controlling interest
Premium paid on acquisition of non-controlling interest was recognised on the difference
between the consideration and the carrying value of the additional interest in subsidiary
acquired without a change in control.
28.
SIGNIFICANT TRANSACTIONS WITH RELATED COMPANIES AND RELATED PARTIES
In addition to the related party 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
2015
2014
2015
2014
$’000
$’000
$’000
$’000
With subsidiaries
Sales
–
–
13,238
15,878
Purchases
–
–
1,219
10,656
Rental income
–
–
485
127
Dividend income
–
–
–
17
Interest income
–
–
–
26
Other income
–
–
74
–
Purchase of plant and equipment
–
–
237
–
105
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
