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A M A R Q U E A B O V E T H E R E S T
74
E U R O S P O R T S G L O B A L L I M I T E D
75
2 0 1 4 A N N U A L R E P O R T
31 March 2014
31 March 2014
NOTES TO THE
NOTES TO THE
F INANCI AL STATEMENTS
F INANCI AL STATEMENTS
5.
Other Income
Group
2014
$’000
2013
$’000
Commission income
2,046
2,542
Rental income
729
606
Deferred income earned (Note 21A)
1,929
448
Other income
485
539
5,189
4,135
6.
Other Credits and (Other Charges)
Group
2014
$’000
2013
$’000
Allowance for impairment on trade receivables
(3)
(182)
Foreign exchange adjustments gain (losses)
50
(205)
Gain on disposal of property, plant and equipment
16,307
82
Government grant income
–
5
Plant and equipment written off
–
(194)
Others
–
5
Net
16,354
(489)
Presented in profit or loss as:
Other Credits
16,357
92
Other Charges
(3)
(581)
Net
16,354
(489)
3.
Related Party Relationships and Transactions (Cont’d)
3.4 Other Receivables from and Other Payables to Related Parties:
The trade transactions and the trade receivables and payables balances arising from sales and purchases of
goods and services are disclosed elsewhere in the notes to the financial statements.
The movements in other receivables from and other payables to related parties are as follows:
(a) Related parties
Group
2014
$’000
2013
$’000
Other receivables (other payables):
Balance at beginning of year
3,772
3,400
Amounts paid in and settlement of liabilities on behalf of the Company
(4,857)
(30,188)
Amounts paid out and settlement of liabilities on behalf of another party
1,085
28,713
Commission income
–
1,689
Handling fee income
–
91
Interest income
–
67
Balance at end of year
–
3,772
Presented as follows:
Other receivables (Note 15)
–
4,857
Other payables (Note 19)
–
(1,085)
–
3,772
(b) Directors
Group
2014
$’000
2013
$’000
Other payables:
Balance at beginning of year
–
(50)
Amounts paid in and settlement of liabilities on behalf of the Directors
–
2,550
Amounts paid out and settlement of liabilities on behalf of the Group
–
(2,500)
Balance at end of year
–
–
4.
Revenue
Group
2014
$’000
2013
$’000
Sale of automobiles
31,328
78,530
Sales of watches
3,182
2,272
Sale of parts and servicing
5,248
5,566
39,758
86,368
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