Annual Report 2011 - Hongkong Land

28 Related Party Transactions continued
Property and other services
The Group rented properties to Jardine Matheson group members. Gross rents on such properties in 2011 amounted to
US$20.6 million (2010: US$19.3 million).
Jardine Matheson group members provided property construction, maintenance and other services to the Group in 2011 in
aggregate amounting to US$30.0 million (2010: US$30.5 million).
The outstanding balances arising from the above services at 31st December 2011 are not material.
Hotel management services
Jardine Matheson group members provided hotel management services to the Group in 2011 amounting to US$1.9 million
(2010: US$1.4 million).
The outstanding balances arising from the above services at 31st December 2011 are not material.
Outstanding balances with associates and joint ventures
Amounts of outstanding balances with associates and joint ventures are included in debtors and creditors as appropriate
(see Notes 18 and 20).
Directors’ emoluments
Details of Directors’ emoluments (being the key management personnel compensation) are shown on page 65 under
the heading of ‘Directors’ Appointment, Retirement, Remuneration and Service Contracts’.
29 Summarised Balance Sheet of the Company
Included below is certain summarised balance sheet information of the Company disclosed in accordance with Bermuda law.
2011 2010
US$m
US$m
Net operating assets
Investments at cost
Unlisted shares in subsidiaries 4,481.7 4,481.7
Net amounts due from subsidiaries 499.2 213.7
4,980.9 4,695.4
Creditors and other accruals (21.1) (19.7)
4,959.8 4,675.7
Total equity
Share capital (see Note 22) 233.8 225.1
Revenue and other reserves
Contributed surplus 2,249.6 2,249.6
Share premium 331.9 5.3
Revenue reserves 2,144.5 2,195.7
4,726.0 4,450.6
Shareholders’ funds 4,959.8 4,675.7
Subsidiaries are shown at cost less amounts provided.
The contributed surplus was set up on the formation of the Company in 1989 and, under the Bye-laws of the Company,
is distributable.
Annual Report 2011 57