notes to the financial statements - Investor Relations

NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2011
44 RELATED PARTIES (CONT’D)
Annual Report 2011
During the financial year, other than those disclosed elsewhere in the financial statements, the Group had the following
significant related party transactions on terms agreed between the parties:
Group
Key
Jointly- Other
management
controlled related
Directors personnel Associates entities parties
$’000 $’000 $’000 $’000 $’000
Income statement transactions
2011
Sales of goods and/or services 595 7,096 14,374 912 2,853
Purchase of goods and/or services 1,396 3,946 4,461 524 -
Rental paid 1,142 - - - -
Interest income from loan - - 31 16 -
Legal fees paid 125 - - - -
Dividend received - - 80 1,968 -
2010
Sales of goods and/or services 615 7,819 13,061 270 -
Purchase of goods and/or services 2,815 1,095 6,540 17 -
Rental paid 413 - 5,141 - -
Interest income from loan 64 - 27 20 -
Legal fees paid 82 - - - -
Dividend received - - 1,067 385 -
Transactions with related parties arise from the ordinary course of business and are not treated any differently from transactions
with customers or suppliers of the Group.
45 SUBSEqUENT EVENTS
The significant subsequent events that arose after 31 December 2011 are as follows:
(a) The directors proposed a final one-tier dividend of 2.5 (2010: 2.5) cents per ordinary share amounting to $15,007,616
(2010: $14,757,616). The dividend has not been provided for in the financial statements as at 31 December 2011
and is subject to shareholders’ approval at the forthcoming Annual General Meeting of the Company; and
(b) During the year, the Group entered into a sale and purchase agreement to dispose a warehouse property for
$3,700,000. The sale was completed on 6 February 2012 with gain on disposal of $1,300,000.
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