90
GROUP
CO-OPERATIVE
4. FINANCIAL INSTRUMENTS, FINANCIAL RISKS AND CAPITAL ASSETS MANAGEMENT (cont’d)
NOTES TO FINANCIAL STATEMENTS
March 31, 2013
5. RELATED PARTY TRANSACTIONS
(c) Capital risk management policies and objectives
The Management periodically reviews the capital structure to ensure that the Group will be able to continue as a
going concern. The capital structure of the Group comprises only share capital, statutory reserves, fair value
reserves and accumulated profits. The Group’s overall strategy remains unchanged from 2012.
Some of the Group’s transactions and arrangements are with related parties and the effect of these on the basis
determined between the parties is reflected in these financial statements. The balances are unsecured, interest-free
and repayable on demand unless otherwise stated.
During the year, the Group entered into the following transactions with related parties:
2013
2012
2013
2012
$’000
$’000
$’000
$’000
Donations to NTUC Fairprice Foundation Limited (refer to Note 10) 10,000 24,300
5,200 17,500
Sales of goods to associates
(659)
(20)
-
(20)
Rental income from associate
(1,518)
(1,557)
(1,518)
(1,557)
Interest income from associates
(11,817)
(5,959)
(11,817)
(5,959)
Rental expenses to associates
7,008
3,385
7,008
3,385
Repair and maintenance to associates
1,279
1,498
967
1,185
Issuance/Redemption of Link Points by associates
802 (1,278)
802 (1,278)
Purchases from associates
574
612
574
612
Printing expenses to associates
1,216
1,117
1,216
1,117
Loan/Advances to associates (refer to Note 15)
1,800 164,700
-
164,700
Compensation of directors and key management personnel
The remuneration of directors and other members of key management during the year was as follows:
2013
2012
$’000
$’000
Salaries, short-term benefits and post-employment benefits:
- directors
512
354
- officers
8,320
7,846
Group and Co-operative
