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Annual report 2008-OK-B-up.qxp - Canadia Bank Plc.

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NOTES TO THE FINANCIAL STATEMENTS<br />

30. RELATED PARTY BALANCE AND TRANSACTIONS (CONTINUED)<br />

c) Deposits from related parties<br />

<strong>2008</strong> 2007 <strong>2008</strong> 2007<br />

US$ US$ Riel Million Riel Million<br />

(Unaudited) (Unaudited)<br />

Saving deposits from:<br />

Parent entity 76,230 66,413 311 266<br />

Directors and key management 644,967 448,338 2,632 1,795<br />

Other related companies 146,680 148,905 599 596<br />

Term deposits from associated company 4,200,000 - 17,140 -<br />

5,067,877 663,656 20,682 2,657<br />

Interest paid 2,783 3,307 11 13<br />

The saving deposits from parent entity, directors and key management bear interest at 0.75% (2007:<br />

0.75%) and term deposits from associate company bear interest at 5.5%.<br />

d) Subordinated debt<br />

<strong>2008</strong> 2007 <strong>2008</strong> 2007<br />

US$ US$ Riel Million Riel Million<br />

(Unaudited) (Unaudited)<br />

Subordinated debt from Mr Pung Kheav Se 7,080,000 7,080,000 28,893 28,341<br />

The subordinate debt is interest free with no fixed term of repayment. This subordinate debt was to finance<br />

the acquisition of FTB. The proceeds from the future disposal of FTB's shares are to pay back this subordinate<br />

debt.<br />

e) Key management compensation<br />

<strong>2008</strong> 2007 <strong>2008</strong> 2007<br />

US$ US$ Riel Million Riel Million<br />

(Unaudited) (Unaudited)<br />

Salaries and short term benefits 431,975 383,725 1,763 1,536<br />

f) Other transactions with related parties<br />

<strong>2008</strong> 2007 <strong>2008</strong> 2007<br />

US$ US$ Riel Million Riel Million<br />

(Unaudited) (Unaudited)<br />

Management fee charged by parent entity 30,250 - 123 -<br />

54<br />

<strong>Annual</strong> Report <strong>2008</strong>

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