I
annual report 2014
Notes to the Financial Statements
31 December 2014 (Cont’d)
94
21. TAX EXPENSE (cont’d)
Deferred tax assets of a subsidiary have not been recognised in respect of these temporary differences as it is not
probable that taxable profit of a subsidiary would be available against which the deductible temporary differences
could be utilised.
The amounts and the availability of the unused tax losses to be carried forward up to the periods as disclosed above
are subject to the agreement of the local tax authority.
22. DIVIDEND
Group and Company
2014
2013
Gross
Amount
Gross
Amount
dividend of dividend
dividend of dividend
per share
net of tax
per share
net of tax
RMB
RMB’000
RMB
RMB’000
In respect of financial year ended
31 December 2012:
- Final dividend of RM0.005 per
ordinary share paid
–
–
0.0096
6,970
23. EMPLOYEE BENEFITS
Group
Company
2014
2013
2014
2013
RMB’000
RMB’000
RMB’000
RMB’000
Wages, salaries and bonuses
54,260
50,311
559
354
Contributions to defined contribution plan
3,118
3,040
-
-
Other benefits
86
117
86
117
57,464
53,468
645
471
Included in the employee benefits of the Group are Executive Directors’ remuneration amounting to RMB2,846,000
(2013: RMB2,526,000).
24. RELATED PARTY DISCLOSURES
(a)
Identities of related parties
Parties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control
the party or exercise significant influence over the party in making financial and operating decisions, or vice
versa, or where the Group and the party are subject to common control or common significant influence.
Related parties may be individuals or other parties.
The Company has controlling related party relationship with its direct and indirect subsidiaries and its ultimate
holding company.
The relationship and identity between the Company and its related party is as follows:
Identity of the related party
Relationship with the Company
Ding JiaXing
Family member of three (3) of the Directors of the Company.
