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 Group’s 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)
(included in trade debtors under debtors, deposits and prepayments) Amounts due from related companies (note)
(included in debtors, deposits and prepayments) Amounts due to related companies (note)
(included in creditors, deposits and accruals)
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
Note: The amounts are unsecured, interest-free and repayable on demand.
Great Eagle Holdings Limited