79
5. Related Party Transactions (cont’d)
Compensation of directors and key management personnel
The remuneration of directors and other members of key management during the financial year was as follows:
December 31,
2014
December 31,
2013
December 31,
2014
December 31,
2013
$’000
$’000
$’000
$’000
Cash on hand
6,763
7,525
6,759
7,521
Cash at bank
240,699
206,142
216,781
180,683
Fixed deposits
200,504
75,451
200,504
75,451
Cash and cash equivalents
447,966
289,118
424,044
263,655
January 1, 2014
to
December 31,
2014
April 1, 2013
to
December 31,
2013
$’000
$’000
Salaries, short-term benefits and
post-employment benefits:
- directors
496
524
- officers
8,322
6,392
6. Cash and Cash Equivalents
Fixed deposits of the Group and the Co-operative bear interest at average rates ranging from 0.04% to 0.35%
(December 31, 2013: 0.05% to 0.25%) per annum. The fixed deposits are for an average tenure of approximately
28 days (December 31, 2013: 23 days).
Notes to Financial Statements
December 31, 2014
GROUP
CO-OPERATIVE
GROUP and CO-OPERATIVE
