NOTES TO THE FINANCIAL STATEMENTS
FOR THE FInAncIAL yEAR EnDED 30 JunE 2016
28
RELATED PARTIES TRANSACTIONS
In addition to the information disclosed elsewhere in the financial statements, the following transactions took
place between the Group and the related parties at terms agreed between the parties:
Group
Company
2016
2015
2016
2015
$’000
$’000
$’000
$’000
With related parties
Income
Sales
(317)
(188)
–
–
Rental income
–
(5)
–
–
Administrative income
–
–
–
–
Expenses
Purchases
2,473
2,156
–
–
Sub-contractors’ cost
1,989
590
–
–
Testing fee
214
217
–
–
Sundry expenses
–
4
–
–
Others
Payment on behalf
331
657
–
–
Receipts on behalf
(4)
(15)
–
–
With subsidiaries
Financial assistance for purchase
of property, plant and equipment
–
–
549
782
Payment on behalf
–
–
502
24
Receipts on behalf
–
–
(410)
(436)
Loan
–
–
2,715
1,390
Repayment of loan
–
–
(1,015)
(20)
Income
Management fee
–
–
(1,534)
(1,451)
Dividend
–
–
(6,000)
(5,000)
Interest income
–
–
(87)
(26)
Expenses
Recharge of expense
–
–
1,872
1,857
102
ISOTEAM LTD.
ANNUAL REPORT 2016
