Annual Report 2012 - Haitian International Holdings Ltd.
Annual Report 2012 - Haitian International Holdings Ltd.
Annual Report 2012 - Haitian International Holdings Ltd.
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Notes to the Consolidated Financial Statements (Continued)<br />
(All amounts in RMB unless otherwise stated)<br />
37. Related Party Transactions (Continued)<br />
(c) Key management compensation:<br />
Key management includes directors, general managers of certain subsidiaries, Chief Financial Officer, Investment<br />
Relations Manager and the Head of Human Resources and Administration. The compensation paid or payable to key<br />
management for employee services is:<br />
<strong>2012</strong> 2011<br />
RMB’000 RMB’000<br />
Salaries and bonus 6,772 7,767<br />
Pension costs 64 80<br />
Other benefits 222 224<br />
7,058 8,071<br />
(d) Related party commitments:<br />
Related party commitments which are contracted but not recognised in the consolidated balance sheet as at balance<br />
sheet date are as follows:<br />
<strong>2012</strong> 2011<br />
RMB’000 RMB’000<br />
Capital commitment<br />
— <strong>Haitian</strong> Precision 57,762 1,270<br />
Other commitment<br />
— <strong>Haitian</strong> America do Sul Comercio de Maquinas <strong>Ltd</strong>a. — 860<br />
<strong>Annual</strong> <strong>Report</strong> <strong>2012</strong> <strong>Haitian</strong> <strong>International</strong> <strong>Holdings</strong> Limited 103
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