annual report 2014
I
Notes to the Financial Statements
31 December 2014 (Cont’d)
95
24. RELATED PARTY DISCLOSURES (cont’d)
(b)
In addition to the transactions and balances detailed elsewhere in the financial statements, the Group and the
Company had the following transactions with related parties during the financial year:
Group
Company
2014
2013
2014
2013
RMB’000
RMB’000
RMB’000
RMB’000
Dividend income
–
–
–
137,750
Rental paid to a Director of
the Company
(1,609)
(1,664)
–
–
Rental paid to Ding JiaXing and
a Director of the Company
–
(111)
–
–
Significant balances with a subsidiary and a director at the end of the reporting period are disclosed in Notes
11 and 16 to the financial statements.
The related party transactions described above have been established under negotiated commercial terms.
(c)
Compensation of key management personnel
Key management personnel are those persons having the authority and responsibility for planning, directing
and controlling the activities of the entity, directly and indirectly, including any Director (whether executive or
otherwise) of the Group.
The remuneration of Directors and other key management personnel during the financial year was as follows:
Group
2014
2013
RMB’000
RMB’000
Short term employee benefits
4,102
3,615
Contributions to defined contribution plan
26
25
4,128
3,640
25. FINANCIAL INSTRUMENTS
(a)
Capital management
The primary objective of the capital management of the Group is to ensure that entities of the Group would
be able to continue as going concerns whilst maximising the return to shareholders through the optimisation
of the debt and equity ratios. The overall strategy of the Group remains unchanged from that in the previous
financial year.
The Group manages its capital structure and makes adjustments to it in response to changes in economic
conditions. In order to maintain or adjust the capital structure, the Group may adjust the dividend payment to
shareholders, return capital to shareholders or issue new shares. No changes were made in the objectives,
policies or processes during the financial years ended 31 December 2014 and 31 December 2013.
