FORGING AHEAD - Tradewinds Plantation Berhad

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212 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2010 38. RELATED PARTY DISCLOSURES (continued) (b) Significant related party transactions In addition to the transactions detailed elsewhere in the financial statements, the Group and the Company had the following transactions with related parties during the financial year: TRADEWINDS PLANTATION BERHAD Annual Report 2010 Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000 Interests paid and payable to subsidiaries - - 24,940 22,669 Insurance premium paid to Tradewinds International Insurance Brokers Sdn. Bhd. 2,639 2,621 342 317 Purchase of raw materials from Agri-Sabah Fertilizer Sdn. Bhd. - 6,660 - - Purchase of germinated oil palm seeds from Felda Agricultural Services Sdn. Bhd. 423 - - - Sales of fresh fruit bunches to: - Solar Green Sdn. Bhd. 17,954 1,231 - - - Retus Plantation Sdn. Bhd. 7,114 3,233 - - Sales of crude palm oil and palm kernel to: - Bintulu Edible Oils Sdn. Bhd. - 100,641 - - - Lahad Datu Edible Oils Sdn. Bhd. - 49,547 - - - Felda Marketing Services Sdn. Bhd. 58,846 - - - Provision of transportation services from JP Logistics Sdn. Bhd. 341 409 - - Interests received and receivable from subsidiaries - - 30,459 29,778 Interest on ICULS payable to holding company 4,800 4,800 4,800 4,800 Management fees paid and payable to holding company 1,200 1,200 1,200 1,200 Management fees received and receivable from: - subsidiaries - - 8,210 9,597 - Retus Plantation Sdn. Bhd. 2,660 2,207 - - - Solar Green Sdn. Bhd. 989 207 - - Dividend received from subsidiaries - - 52,172 48,871 The related party transactions described above were carried out based on negotiated terms and conditions and mutually agreed with respective related parties.
38. RELATED PARTY DISCLOSURES (continued) (c) Compensation of key management personnel The remuneration of key management personnel (including Directors of the Company) during the financial year was as follows: Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000 Short term employee benefits 4,526 4,332 2,854 2,327 Defined contribution plan 492 516 289 259 Termination benefits 177 - - - 39. CAPITAL COMMITMENTS FINANCIAL STATEMENTS Group Company 2010 2009 2010 2009 RM’000 RM’000 RM’000 RM’000 Purchase of property, plant and equipment: - Approved but not contracted for 93,062 96,947 1,779 2,566 - Approved and contracted for 145,144 74,804 - - 238,206 171,751 1,779 2,566 Acquisition of a subsidiary: - Approved and contracted for (Note 42) 140,000 150,000 - - Subscription of redeemable convertible preference shares in a jointly controlled entity: - Approved and contracted for (Note 11) 5,000 5,000 5,000 5,000 Share of capital commitment of a jointly controlled entity: - Approved and contracted for 379 - - - 383,585 326,751 6,779 7,566 TRADEWINDS PLANTATION BERHAD Annual Report 2010 213
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Level 9, Menara HLA No. 3, Jalan Ki
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CORPORATE GOVERNANCE 56 Statement o
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4 STATUTORY REPORTING NOTICE OF ANN
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NOTICE OF ANNUAL GENERAL MEETING AN
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8 STATUTORY REPORTING STATEMENT ACC
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GROUP FINANCIAL HIGHLIGHTS 2010 200
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STRATEGIC INVESTMENTS We will remai
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16 CORPORATE INFORMATION FINANCIAL
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18 CORPORATE INFORMATION CORPORATE
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20 CORPORATE INFORMATION BOARD OF D
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26 CORPORATE INFORMATION TRADEWINDS
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28 CORPORATE INFORMATION MANAGEMENT
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30 CORPORATE INFORMATION GROUP CORP
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STRATEGIC DIVERSIFICATIONS Through
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36 PERFORMANCE REVIEW CHAIRMAN’S
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44 PERFORMANCE REVIEW BuSINESS REvI
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BuSINESS REvIEW By CHIEF EXECuTIvE
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STRATEGIC EXPERTISE As our sights a
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56 CORPORATE GOVERNANCE STATEMENT O
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DIRECTORS’ REMUNERATION The remun
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68 CORPORATE GOVERNANCE AUDIT COMMI
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AUTHORITY The Audit Committee shall
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72 CORPORATE GOVERNANCE ADDITIONAL
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74 CORPORATE GOVERNANCE ADDITIONAL
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STRATEGIC INNOVATIONS We are commit
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80 CORPORATE SOCIAL RESPONSIBILITY
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STRATEGIC REACH We are increasing t
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DIRECTORS’ REPORT The Directors h
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DIRECTORS’ BENEFITS Since the end
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SIGNIFICANT EVENTS DURING THE FINAN
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STATEMENT BY DIRECTORS In the opini
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REPORT ON OTHER LEGAL AND REGULATOR
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LIABILITIES Non-current liabilities
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Group Company 2010 2009 2010 2009 (
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Equity Share Share component Retain
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CASH FLOWS FROM INVESTING ACTIVITIE
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NOTES TO THE FINANCIAL STATEMENTS 3
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4. SIGNIFICANT ACCOUNTING POLICIES
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5. ADOPTION OF NEW FRSs AND AMENDME
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6. SIGNIFICANT ACCOUNTING ESTIMATES
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6. SIGNIFICANT ACCOUNTING ESTIMATES
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7. PROPERTY, PLANT AND EQUIPMENT (c
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9. INVESTMENTS IN SUBSIDIARIES (con
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Page 219 and 220: 44. OPENING STATEMENT OF FINANCIAL
Page 221 and 222: PLANTATION REvIEW OIL PALM 2010 200
Page 223 and 224: mATERIAL PROPERTIES Of TRADEWINDS P
Page 225 and 226: Company/ Location/Address HS(D) 389
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Page 229 and 230: Company/ Location/Address Lot No. 0
Page 231 and 232: ANALySIS Of SHAREHOLDINgS AS AT 25
Page 233 and 234: LIST OF THIRTY (30) LARGEST SHAREHO
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Page 237 and 238: SUBSTANTIAL ICULS HOLDER Name Direc
Page 239 and 240: SOUTHERN PENINSULAR REGION Regional
Page 241 and 242: MIRI REGION Regional Office c/o Lad
Page 243 and 244: Proxy Form I / We _________________
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FORGING AHEAD - Tradewinds Plantation Berhad

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