FRENCKEN GROUP LIMITED
ANNUAL REPORT 2015
72
NOTES TO FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONT’D)
4 RELATED PARTY TRANSACTIONS (CONT’D)
Other than those disclosed elsewhere in the financial statements, the following related party transactions took place
during the financial year:
(a) Transactions with subsidiaries
The Company
2015
$’000
2014
$’000
Accounting services charged by a subsidiary
(43)
(47)
Management fee expense charged to subsidiaries
661
603
Expenses paid on behalf by a subsidiary
(226)
(83)
(b) Key management personnel compensation
The key management personnel compensation includes fees, salary, bonuses and other emoluments (including
benefits-in-kind) computed based on the cost incurred by the Group, and where the Group did not incur any
costs, the value of the benefits.
The key management personnel compensation is as follows:
The Group
2015
$’000
2014
$’000
Salaries, wages and other short term employee benefits
4,139
4,326
Post-employment benefits – defined contribution plan
312
396
Share option expense
188
250
Total compensation to directors of the Company included in above amounted to $1,314,000 (2014 : $1,656,000).
5 REVENUE
The Group
2015
$’000
2014
$’000
Sale of goods
439,363
472,718
Rendering of services
17
19
439,380
472,737
