GOING
THE DISTANCE
EUROSPORTS
GLOBAL
.74
NOT E S TO T HE
F I NANC I A L S TAT EMEN T S
YEAR ENDED
31 MARCH, 2016
3.
RELATED PARTY RELATIONSHIPS AND TRANSACTIONS (CONT＊D)
3B.
Key management compensation:
GROUP
2016
$＊000
2015
$＊000
Salaries and other short-term employee benefits
1,768
1,654
The above amounts are included under employee benefits expense. Included in the above amounts are following
items:
GROUP
2016
$＊000
2015
$＊000
Remuneration of directors of the company
1,250
1,237
Remuneration of a director of a subsidiary
270
208
Fees to directors of the company
120
120
Other benefits
128
89
Further information about the remuneration of individual directors is provided in the report on corporate governance.
Key management personnel include the directors and those persons having authority and responsibility for planning,
directing and controlling the activities of the company and group, directly or indirectly. The above amounts for key
management compensation are for all the directors only.
3C.
Other payables to related party:
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 and other payables to related party are as follows:
RELATED PARTY
2016
$＊000
2015
$＊000
Group
Other payables:
Balance at beginning of year
每
每
Amounts paid in and settlement of liabilities on behalf of the company
150
每
Balance at end of year (Note 20)
150
每
The related party is a director cum 40% shareholder of the subsidiary, AutoInc EuroSports Pte Ltd.
