2008 Annual Report - Kenford Group Holdings Limited

Notes to the Financial Statements
For the year ended 31 March 2008
35. CAPITAL COMMITMENTS
Group
2008 2007
HK$’000 HK$’000
Commitments for acquisition of property, plant and equipment:
Contracted for but not provided in the fi nancial statements 8,016 12,184
36. LEASE ARRANGEMENTS
The Group has future minimum lease payments in respect of staff quarters and production properties under noncancellable
operating leases, which are due for payments as follows:
2008 2007
HK$’000
HK$’000
Not later than one year 2,073 1,007
Later than one year and not later than fi ve years 4,478 3,057
6,551 4,064
37. RELATED PARTY TRANSACTIONS
In addition to the transactions and balances set out in notes 19 and 28 above, the Group has the following material related
party transactions during the year:
Key management compensation is as follows:
2008 2007
HK$’000
HK$’000
Key management compensation:
Basic salaries 12,243 10,610
Discretionary bonus 3,906 2,033
Contributions to defi ned contribution plan 84 96
16,233 12,739
Key management personnel are those persons have authority and responsibility for planning, directing and controlling the
activities of the Group, including directors and other senior management, totalling 7 individuals (2007: 8 individuals).
Annual Report 2008
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