Notes to Fina - 星島新聞集團

ncial Statements
42. POST BALANCE SHEET EVENTS (continued)
42.
(d)
On 24 April 2003, the directors have proposed a
(d)
distribution of HK$0.01 per share to the
0.01
shareholders of the Company (the “Proposed
18,200,000
Distribution”) in an aggregate amount of
approximately HK$18.2 million. The Proposed
Distribution is conditional, amongst others, upon
the approval by the Company’s shareholders, at
a special general meeting to be convened, of the
proposed resolutions for the reduction of the
Company’s share premium account, applying the
credit arising therefrom to offset the Company’s
accumulated losses and to increase the Company’s
contributed surplus.
43. RELATED PARTY TRANSACTIONS
In addition to the transactions and balances detailed
elsewhere in these financial statements, the Group had
the following material transactions with related parties
during the year/period:
43.
Period from
Year ended 1 April 2001 to
31 December 31 December
2002 2001
Notes HK$’000 HK$’000
Rental income received from associates
(i) 150 122
News service fee income received from
a jointly-controlled entity (ii) 8,000 6,000
Printing service charges paid and payable
to a jointly-controlled entity (iii) 59,429 52,578
Reimbursement of expenses paid on
behalf of the Company to an affiliate of
the Company’s controlling shareholder (iv) 1,153 621
Global China Group Holdings Limited Annual Report 2002
161