Untitled - Swissco Holdings Limited

NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2005
31. Related Party Transactions (continued)
(b)
Key management’s remuneration
The key management’s remuneration included fees, salary, bonus, commission and other
emoluments (including benefits-in-kind) computed based on the cost incurred by the Group
and the Company, and where the Group or Company did not incur any costs, the value of
the benefit is included. The total key management’s remuneration is as follows:
The Group
2005 2004
$ $
Salaries and other short-term employee benefits 2,366,593 578,252
Post-employment benefits-contribution to CPF 140,987 33,293
Share options granted 30,000 –
2,537,580 611,545
Including in above, total compensation to directors of the Company amounted to $2,249,308
(2004: $182,741).
32. Segment Information
Primary reporting format – business segments
At 31 December 2005, the Group is organised into two main business segments:
• Chartering (including sale of out-port-limit services and related income)
• Ship repair and related services
Inter-segment transactions are determined on an arm’s length basis. Unallocated costs represent
corporate expenses. Segment assets consist primarily of property, plant and equipment, cash and
cash equivalents, trade and other receivables, inventories and other current assets. Segment
liabilities comprise operating liabilities and exclude items such as tax liabilities and bank
borrowings. Capital expenditure comprises additions to property, plant and equipment.
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