Singapore Press Holdings annual report 2011 Singapore Press ...

Notes to the
Financial StatementS
August 31, 2011
170 Singapore Press Holdings annual report 2011
32. RELATED PARTY TRANSACTIONS
(a)
Key management personnel compensation
Key management personnel compensation are as follows:
Group
2011 2010
S$’000 S$’000
Remuneration and other short-term employee benefits 21,284 18,214
Employers’ contribution to defined contribution plans 411 365
Share-based compensation expense 3,558 3,639
25,253 22,218
Staff loans granted to key management personnel 405 323
The above includes total emoluments of the Company’s Directors of S$3.9 million (2010: S$3.5 million).
(b)
Sales and purchases of goods and services
Fees paid to a firm of which a director is a member 382 298
33. SEGMENTAL INFORMATION
(a)
Operating segments
Management has determined the operating segments based on the reports provided to the Chief
Executive Officer (CEO) of the Company that are used to make strategic decisions.
The Group is organised into business units based on their products, services and activities, and has
three reportable operating segments namely Newspaper and Magazine, Treasury and Investment,
and Property.
The Newspaper and Magazine segment is involved in the publishing, printing and distributing of
newspapers and magazines. The Treasury and Investment segment manages the investment
activities of the Group while the Property segment holds, manages and develops properties of the
Group. Other operations under the Group, which are currently not significant to be reported separately,
are included under “Others”. These comprise the Group’s businesses and investments in Internet
and related activities, outdoor advertising, radio broadcasting, television broadcasting, organising
conventions/conferences/events, book publishing and distribution, online investor relations services,
developing applications and operating a financial portal.
Inter-segment pricing is determined on mutually agreed terms. Segment results, assets and liabilities
include items directly attributable to a segment as well as those that can be allocated on a reasonable
basis.