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Annual Report 2013 - Mainfreight

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23 Related Parties (continued)<br />

Transactions with Related Parties:<br />

Sales<br />

to Related<br />

Parties<br />

$000<br />

Purchases<br />

from Related<br />

Parties<br />

$000<br />

Other<br />

Transactions<br />

with Related<br />

Parties<br />

$000<br />

Parent <strong>2013</strong> Year<br />

Subsidiaries – Freight Sales 21,826 10,680 –<br />

Subsidiaries – Lease & Administration Charges 12,326 1,266 –<br />

Subsidiaries – Dividend Revenue – – 33,908<br />

Subsidiaries – Royalty Revenue – – 10,315<br />

Parent 2012 Year<br />

Subsidiaries – Freight Sales 20,353 13,417 –<br />

Subsidiaries – Lease & Administration Charges 11,443 2,054 –<br />

Subsidiaries – Dividend Revenue – – 23,859<br />

Subsidiaries – Royalty Revenue – – 8,876<br />

The Company transacts with each other company within the Group on an arms’ length basis. The advances are not secured and interest<br />

charged was at commercial bank rates. No related party debts have been written off or forgiven during the period (2012 nil).<br />

24 Key Management Personnel<br />

Compensation of Key Management Personnel<br />

<strong>2013</strong><br />

$000<br />

Group<br />

2012<br />

$000<br />

<strong>2013</strong><br />

$000<br />

Parent<br />

2012<br />

$000<br />

Short-term Employee Benefits 7,921 7,546 5,158 4,693<br />

Share Based Payments - 166 - 38<br />

Termination Benefits 85 78 85 78<br />

8,006 7,790 5,243 4,809<br />

Partly paid shares held by key management personnel excluding directors have the following expiry dates and exercise prices:<br />

Quantity Issue Price Exercise Dates<br />

200,000 724 cents 12/06/14 to 12/07/14<br />

108 <strong>Mainfreight</strong> | <strong>Annual</strong> <strong>Report</strong> <strong>2013</strong>

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