SINGAPORE WINDSOR HOLDINGS LIMITED
| Annual Report 2015
49
Year ended 31 March 2015
NOTES TO THE
FINANCIAL STATEMENTS
3.
Related party relationships and transactions (cont’d)
3A. Related companies
:
The company is a subsidiary of Taipan Grand Investments Ltd, incorporated in Singapore. The company’s ultimate
parent company is the same entity. Related companies in these financial statements refer to members of the
ultimate parent company’s group of companies. The ultimate controlling party is Mr Ho Kwok Wai.
There are transactions and arrangements between the reporting entity and members of the group and the effects
of these on the basis determined between the parties are reflected in these financial statements. The intercompany
balances are unsecured without fixed repayment terms and interest unless stated otherwise. For any balances and
financial guarantees no interest or charge is imposed unless stated otherwise.
There were no significant transactions with the ultimate parent company. Intra-group transactions and balances that
have been eliminated in these consolidated financial statements are not disclosed as related party transactions and
balances below.
3B. Other related parties:
The transactions were not significant.
3C. Key management compensation:
Group
2015
2014
HK$’000
HK$’000
Salaries and other short-term employee benefits
5,001
5,848
Contributions to defined contribution plans
103
108
The above amounts are included under employee benefits expense. Included in the above amounts are following
items:
Group
2015
2014
HK$’000
HK$’000
Directors’ fees
1,149
962
Remuneration of directors of the company
1,905
2,202
Contributions to defined contribution plans for directors of the company
62
78
Further information about the remuneration of individual directors is provided in the report on corporate
governance.
Key management personnel are directors and those persons having authority and responsibility for planning,
directing and controlling the activities of the company, directly or indirectly. The above amounts for key
management compensation are for all the directors and other key management.
