Notes to Fina - 星島新聞集團

Notes to Fina
Notes to Financial Statements
31 December 2002
43. RELATED PARTY TRANSACTIONS (continued)
Notes:
43.
(i)
The rental income was determined between parties with
(i)
reference to the prevailing market price.
(ii)
The news service fee was charged on an annual fixed
(ii)
amount basis pursuant to the news service agreement.
(iii)
The printing service was charged on a cost plus mark-
(iii)
up basis pursuant to the printing agreement.
(iv)
The reimbursement of expenses was made at cost.
(iv)
During the year, the Group had granted corporate
guarantees of HK$15,000,000 and pledged certain of
its cash deposits amounting to HK$18,717,000
(US$2,400,000) as securities for banking facilities of
approximately HK$15,000,000 granted to a jointlycontrolled
entity. As at 31 December 2002, such
facilities were fully utilised.
15,000,000
15,000,000
18,717,0002,400,000
Details of the Group’s balances with jointly-controlled
entities and associates as at the balance sheet date
are disclosed in notes 20 and 21 to the financial
statements, respectively.
20 21
162
Global China Group Holdings Limited Annual Report 2002