A N N U A L R E P O R T 2 0 1 6
118
NOTES TO THE
FINANCIAL STATEMENTS
For the Financial Year Ended 31 March 2016
31.
Related party transactions (cont¡¯d)
In addition to the related party information disclosed elsewhere in the financial statements, the following transactions between the Group
and related parties took place on terms agreed between the parties during the financial year:
Group
2016
2015
$¡¯000
$¡¯000
Rental expense paid to Director¨Crelated company, related party and Director
(140)
(55)
Advisory services fee and other professional fees paid to related party and Director-related firm
(157)
(203)
Compensation of key management personnel
Short-term employee benefits
3,459
3,084
Central Provident Fund contributions
52
47
Total compensation paid to key management personnel
3,511
3,131
Comprise amounts paid to:
- Directors of the Company
3,342
2,966
- Other key management personnel
169
165
3,511
3,131
The remuneration of key management personnel are determined by the Board of Directors having regard to the performance of individuals
and market trends.
