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146

Notes to the Consolidated Financial Statements

For the year ended 31 December 2010

39.Related party transactions

The Group had the following significant related party transactions during the year, of which transactions with Champion REIT were disclosed from the date at which significant influence was achieved to the end of the reporting period. The transactions were carried out in the normal course of the Groups business on terms mutually agreed between the parties.

Related companies are companies in which Mr. Lo Hong Sui and Mr. Lo Kai Shui, shareholders and directors of the Company, have controlling interests.

Amounts due from associates (see note 23) Amounts due from associates (note)

12,077

12,077

(included in trade debtors under debtors, deposits and prepayments) Amounts due from related companies (note)

110,413

(included in debtors, deposits and prepayments) Amounts due to related companies (note)

462

768

(included in creditors, deposits and accruals)

854

824

Transactions with associates for the year ended 31 December

Interest received on investment in convertible bonds Licence fee and hotel management fee income Management service income Marketing service income Property management service income Repairs and maintenance income Supply procurement and consultancy services income Rental charges Building management fee expense

Transactions with a jointly controlled entity for the year ended 31 December

Project advisory income Investment management income

Transactions with related companies for the year ended 31 December

Trading income Rental income Management fee received Rental charges Procurement expense

Balances with associates and related companies as at 31 December

10,316

142

72,078

13,407

20,534

1,488

1,886

20,790

2,216

2010

2009

HK$000

HK$000

482

1,705

4,380

4,371

1,863

1,395

600

600

1,881

17,106

10,122

Note: The amounts are unsecured, interest-free and repayable on demand.

Great Eagle Holdings Limited

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