78
5. Related Party Transactions (Cont’d)
January 1, 2014
to
December 31,
2014
April 1, 2013
to
December 31,
2013
January 1, 2014
to
December 31,
2014
April 1, 2013
to
December 31,
2013
$’000
$’000
$’000
$’000
Donations to NTUC Fairprice
Foundation Limited
(Note 23)
12,500
3,900
6,000
400
Sales of goods to - associates
5
-
5
-
- related party
895
-
895
-
Rental income from:
- associates
(2,809)
(1,082)
(2,809)
(1,082)
- related parties
(194)
(1,525)
(194)
(1,525)
Interest income from associates
(11,597)
(10,066)
(11,597)
(10,066)
I
nterest expenses from subsidiaries
-
-
601
659
Rental expenses to - associates
14,503
9,431
14,503
9,124
- related party
488
-
488
-
Repair and maintenance to associates
1,625
1,401
1,625
1,182
Issuance/redemption of link points
by associates
(1,519)
47
(1,519)
87
Dividend expenses to:
- Holding entity
2,817
-
2,817
-
- Related parties
167
1,683
167
1,683
Purchases from associates
577
437
577
419
Printing expenses to - associates
-
895
-
895
- related party
1,149
-
1,149
-
Other operating expenses to
related party
1,410
1,404
1,410
1,404
Transfer of property, plant and
equipment to a subsidiary (Note 13)
-
-
6,132
7,868
Sponsorship to:
- Holding entity
157
53
157
53
- Related parties
1,410
11,417
1,410
11,417
Dividend income from:
- Associate
(228)
(278)
(228)
(278)
- Related parties
(655)
(657)
(655)
(657)
Please refer to Notes 11 and 14 for additional information on related party transactions with associates.
Notes to Financial Statements
December 31, 2014
During the financial year, the Group entered into the following transactions with related parties:
GROUP
CO-OPERATIVE
