Annual Report 2013 - Mainfreight

23 Related Parties
The ultimate holding company is Mainfreight Limited.
In addition to transactions disclosed elsewhere in these financial statements, the Company transacted with the following related parties
during the period:
2013
Value of
Transactions
$000
2012
Value of
Transactions
$000
Name of Related Party
Nature of
Relationship
Type of
Transactions
B. Plested Director & Shareholder Interest on Advances (4.2%) 19 14
B. Plested Director & Shareholder Advances to Company 2,655 7,278
B. Plested Director & Shareholder Repayment of Advances 2,655 7,278
C. Howard-Smith Director & Shareholder Legal & Trustee Fees 454 420
Loans (non-directors) Team Members Interest Bearing Loan – 307
Advances from B Plested were unsecured.
Related Party Receivables Outstanding at Balance Date:
Balance
Receivable
$000
Balance
Receivable
$000
Name of Related Party
Nature of
Relationship
Type of
Transactions
Daily Freight (1994) Ltd Subsidiary Trade – 30 Days 3,154 2,880
Mainfreight Air & Ocean Ltd Subsidiary Trade – 30 Days 1,196 1,504
Mainfreight Holdings Pty Ltd Subsidiary Trade – 30 Days 158 205
Owens Transport Ltd Subsidiary Trade – 30 Days 3,084 2,633
Carotrans International Inc Subsidiary Trade – 30 Days 594 83
Mainfreight, Inc Subsidiary Trade – 30 Days 1,228 296
Mainfreight Distribution Pty Ltd Subsidiary Trade – 30 Days 2,354 2,376
Owens Transport Pty Ltd Subsidiary Trade – 30 Days 34 26
Mainfreight Hong Ltd Subsidiary Trade – 30 Days 5 147
Wim Bosman Group Subsidiary Trade – 30 Days 53 290
Owens Group Ltd Subsidiary Advance – On Call 51 465
Mainfreight Holdings Ptd Ltd Subsidiary Advance – On Call - 1,316
Mainfreight International Pty Ltd Subsidiary Advance – On Call 638 382
Mainfreight Finance Partnership Subsidiary Advance – On Call 4,590 –
Mainfreight Hong Kong Ltd Subsidiary Advance – On Call 1,195 3,059
Wim Bosman Group Subsidiary Advance – On Call 63,989 65,907
82,323 81,569
Related Party Payables Outstanding at Balance Date:
Balance
Payable
$000
Balance
Payable
$000
Name of Related Party
Nature of
Relationship
Type of
Transactions
Daily Freight (1994) Ltd Subsidiary Trade – 30 Days 65 33
Mainfreight Air & Ocean Ltd Subsidiary Trade – 30 Days 23 28
Mainfreight Holdings Pty Ltd Subsidiary Trade – 30 Days 1 -
Owens Transport Ltd Subsidiary Trade – 30 Days - 238
Wim Bosman Group Subsidiary Trade – 30 Days - 12
Daily Freight (1994) Ltd Subsidiary Advance – On Call 5,100 7,100
Mainfreight Air & Ocean Ltd Subsidiary Advance – On Call 3,400 6,350
Owens Transport Ltd Subsidiary Advance – On Call 3,700 4,150
12,289 17,911
Financial Statements
107