2008 Annual Report - Kenford Group Holdings Limited

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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 81
Notes to the Financial Statements For the year ended 31 March 2008 38. ULTIMATE HOLDING COMPANY The directors consider the ultimate holding company at 31 March 2008 to be Beaute Inc., a company incorporated in the British Virgin Islands. 39. APPROVAL OF FINANCIAL STATEMENTS The fi nancial statements were approved and authorised for issue by the Board of Directors on 25 July 2008. 82 KENFORD GROUP HOLDINGS LIMITED
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Contents Page 1. Corporate Informat
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Chairman’s Statement On behalf of
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Management Discussion and Analysis
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Management Discussion and Analysis
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Report of the Directors PROPERTY, P
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Report of the Directors DIRECTORS
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Report of the Directors SUBSTANTIAL
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Report of the Directors SHARE OPTIO
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Report of the Directors SHARE OPTIO
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Report of the Directors TAXATION OF
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Directors' and Senior Management's
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Directors' and Senior Management's
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Corporate Governance Report BOARD O
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Corporate Governance Report CHAIRMA
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Corporate Governance Report NOMINAT
Page 32 and 33: Corporate Governance Report INVESTO
Page 34 and 35: Corporate Structure CORPORATE STRUC
Page 36 and 37: Independent Auditor’s Report OPIN
Page 38 and 39: Consolidated Balance Sheet As at 31
Page 40 and 41: Consolidated Statement of Changes i
Page 42 and 43: Notes to the Financial Statements F
Page 84 and 85: Five Years Financial Summary CONSOL
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2008 Annual Report - Kenford Group Holdings Limited

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