Sun Art Retail Group Limited - TodayIR.com
Sun Art Retail Group Limited - TodayIR.com
Sun Art Retail Group Limited - TodayIR.com
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS<br />
26 MATERIAL RELATED PARTY TRANSACTIONS<br />
(a)<br />
Key management personnel remuneration<br />
Remuneration for key management personnel of the <strong>Group</strong>, including amounts paid to the<br />
Company’s directors as disclosed in note 6 and certain of the highest paid employees as<br />
disclosed in note 7, is as follows:<br />
The <strong>Group</strong><br />
At 31 December<br />
2012 2011<br />
RMB million RMB million<br />
Short-term employee benefits 74 39<br />
Post-employment benefits 3 2<br />
Share-based payments 16 4<br />
93 45<br />
Total remuneration is included in “staff costs” (see note 4(b)).<br />
(b)<br />
Identity of related parties<br />
During the years ended 31 December 2012 and 2011, the directors are of the view that the<br />
following <strong>com</strong>panies are related parties of the <strong>Group</strong>:<br />
Name of party<br />
Relationship<br />
Ruentex Development Co., Ltd., Ruentex Industries Ltd.,<br />
Concord Greater China <strong>Limited</strong> and Kofu International<br />
<strong>Limited</strong> (collectively “Ruentex”)<br />
<strong>Group</strong>e Auchan S.A.<br />
Auchanhyper SA<br />
Auchan International S.A.<br />
Auchan France Croix<br />
Auchan Global Service<br />
Auchan International Technology<br />
RT-Mart International <strong>Limited</strong><br />
Auchan International (Shanghai) International<br />
Trading Company <strong>Limited</strong><br />
C & Chain <strong>Limited</strong> Shanghai<br />
Kunshan Ruenfu Commercial and Trading Co., Ltd.<br />
(“Kunshan Ruenfu”) and its subsidiaries<br />
Mr. Samuel Yin<br />
Hwabao Trust Co., Ltd.<br />
Ultimate joint controlling shareholder<br />
Ultimate joint controlling shareholder<br />
Subsidiary of <strong>Group</strong>e Auchan S.A.<br />
Subsidiary of <strong>Group</strong>e Auchan S.A.<br />
Subsidiary of <strong>Group</strong>e Auchan S.A.<br />
Subsidiary of <strong>Group</strong>e Auchan S.A.<br />
Subsidiary of <strong>Group</strong>e Auchan S.A.<br />
Subsidiary of <strong>Group</strong>e Auchan S.A.<br />
Subsidiary of <strong>Group</strong>e Auchan S.A.<br />
Subsidiary of Ruentex<br />
Controlled by close family member<br />
of a key management personnel<br />
Substantial Shareholder of Ruentex<br />
Development Co., Ltd. and Ruentex<br />
Industries <strong>Limited</strong>, two entities under<br />
Ruentex, one of the two ultimate controlling<br />
Shareholders of the Company<br />
Trustee of RT-Mart and Auchan Scheme trusts<br />
<strong>Sun</strong> <strong>Art</strong> <strong>Retail</strong> <strong>Group</strong> <strong>Limited</strong><br />
Annual Report 2012<br />
105