notes to the financial statements - Investor Relations

NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2011
36 DIRECTORS’ AND EXECUTIVE OFFICERS’ REMUNERATION
The compensation paid/payable to key management personnel are as follows:
Annual Report 2011
117
Group
2011 2010
$’000 $’000
Directors’ fees 675 655
Senior management team remuneration* 24,245 23,480
Post-employment benefits 368 418
Other long-term employee benefits 2 −
Termination benefits 165 −
Share-based payments 1,756 −
27,211 24,553
* Represents short-term employee benefits
37 FINANCE INCOME AND EXPENSE
Group
2011 2010
$’000 $’000
Gain on disposal of available-for-sale financial assets 2,123 1,607
Gain on fair value adjustment of a derivative instrument − 43
Dividend income from available-for-sale financial assets 7,585 4,656
Interest income:
- Cash and cash equivalents 1,177 760
- Finance lease 28 36
- Jointly-controlled entities, associates and related parties 110 111
- Accretion of loan to non-controlling interest − 94
- Interest charge to suppliers 1,302 −
- Interest charge to customers 5,339 −
- Others 229 64
Finance income 17,893 7,371
Exchange loss (net) (2,703) (2,922)
Interest expense:
- Bank borrowings and other banking facilities (11,980) (872)
- Finance leases (144) (150)
- Related parties (441) −
- Others (919) (1,163)
Finance expenses (16,187) (5,107)
Net finance income recognised in profit or loss 1,706 2,264
Included in other interest expenses for 2010 was a commitment fee of approximately $1,000,000 paid to a financial institution
as a result of a loan drawn down.