NOTES TO THE FINANCIAL STATEMENTS
31 December 2014
33. Related party transactions
(a) Sales and purchase of services
In addition to the related party information disclosed elsewhere in the financial statements, the following significant
transactions between the Group and related parties took place at terms agreed between the parties during the financial
year:
(b) Compensation of key management personnel
The remuneration of key management personnel is determined by the remuneration committee having regard to the
performance of individuals and market trends.
Group
2014
2013
S$’000
S$’000
Rental paid to:
- A company related to a Director
236
224
Sales of units at Ark@Gambas:
- A company related to a Director
3,200
–
Group
2014
2013
S$’000
S$’000
Salaries and other remuneration
5,750
4,098
Defined contribution plans
203
111
Directors’ fees
162
162
Total compensation paid to key management personnel
6,115
4,371
Comprise amounts paid to:
- Directors of the Company
4,777
2,917
- Other key management personnel
1,338
1,454
6,115
4,371
Hock Lian Seng Holdings Limited
Annual report 2014
85
