/ . 7 6
E U R O S P O R T S G L O B A L L I M I T E D
Notes to
the F iNaNci al statemeNts
3 1 ma r ch 2 0 1 5
3 .
re l a t ed Pa r t y re l a t i on s h i p s and Tr an s a c t i on s ( Con t ’ d )
3 . 1
Re l a t ed Compan i e s :
There are transactions and arrangements between the reporting entity and members of the Group and the effects
of these on the basis determined between the parties are reflected in these financial statements. The intercompany
balances are unsecured without fixed repayment terms and interest unless stated otherwise. For any non-current
balances and financial guarantees no interest or charge is imposed unless stated otherwise.
Intragroup transactions and balances that have been eliminated in these consolidated financial statements are not
disclosed as related party transactions and balances below.
3 . 2
Re l a t ed Pa r t i e s o t he r t han Re l a t ed Compan i e s :
There are transactions and arrangements between the reporting entity and related parties and the effects of these on
the basis determined between the parties are reflected in these financial statements. The related party balances are
unsecured without fixed repayment terms and interest unless stated otherwise. For any non-current balances and
financial guarantees no interest or charge is imposed unless stated otherwise.
Significant related party transactions:
In addition to the transactions and balances disclosed elsewhere in the notes to the financial statements, this item
includes the following:
group
Directors
2015
$’000
2014
$’000
Sale of watches
–
8
