SINGAPORE WINDSOR HOLDINGS LIMITED
| Annual Report 2015
50
Year ended 31 March 2015
NOTES TO THE
FINANCIAL STATEMENTS
3.
Related party relationships and transactions (cont’d)
3D. Other receivables from or other payables to related parties/company:
The trade transactions and the trade receivables and payables balances arising from sales and purchases of goods
and services are disclosed elsewhere in the notes to the financial statements.
The movements in other receivables from and other payables to related parties/company are as follows:
Subsidiaries
2015
2014
HK$’000
HK$’000
Company:
Other receivables/(payables)
Balance at beginning of year
(20,821)
17,014
Amounts paid out (in) and settlement of liabilities on behalf
44,569
(37,835)
Balance at end of year (Notes 19 and 26)
23,748
(20,821)
Directors
2015
2014
HK$’000
HK$’000
Group:
Other payables
Balance at beginning of year
4,637
4,874
Amounts paid out and settlement of liabilities on behalf of directors
(4,637)
(237)
Balance at end of year (Note 26)
–
4,637
4.
Financial information by operating segments
4A. Information about reportable segment profit or loss, assets and liabilities
Disclosure of information about operating segments, products and services, the geographical areas, and the major
customers are made as required by FRS 108 Operating Segments. This disclosure standard has no impact on the
reported results or financial position of the reporting entity.
For management purposes, the group’s operating businesses are organised according to their nature of activities as
follows:-
(a)
Trading of industrial products; and
(b)
Provision of telecommunication service
Inter-segment sales are measured on the basis that the entity actually used to price the transfers. Internal transfer
pricing policies of the reporting entity are as far as practicable based on market prices. The accounting policies of
the operating segments are the same as those described in the summary of significant accounting policies.
The discontinued operations relate to the disposal of manufacture and sale of moulds and the provision of services
segment (2014: sale of silicon manganese segment) (see Note 11).
