Haier IR09_cover layout.indd - Haier Electronics Group Co., Ltd.

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Haier Electronics Group Co., Ltd
Notes to Condensed Consolidated Interim
Financial Statements (Cont’d)
14. Related party transactions (Cont’d)
14.
(a)
(Cont’d)
Notes : (continued)
(a)
(iv) The printing and packaging fee expenses were charged
based on terms no less favourable than those offered
by independent third parties.
(iv)
(v)
Moulds were charged with reference to the average
market tender and bidding price plus actual administrative
costs.
(v)
(vi) Utility service fee expenses were charged based on the
state-prescribed prices plus actual administrative costs.
(vi)
(vii) Logistics charges were charged based on terms no less
favourable than those offered by independent third
parties.
(viii) Promotion fee expenses were charged based on 1.2%
of the domestic sale of washing machines and water
heaters of the Group.
(vii)
(viii)
1.2%
(ix)
Other service fee expenses were charged with reference
to actual costs incurred.
(ix)
(x)
Interest expenses and income were determined with
reference to the standard rates published by the People’s
Bank of China.
(x)
(xi)
The sale of gift products were made at selling prices not
higher than those sold by Haier Affiliates to independent
third parties.
(xi)
Interim Report 2009