FY05/06 (pdf) - SIA Engineering Company

SIA Engineering Company • Summary Financial Statement 2005/0621Notes to the Summary Financial Statement31 March 20062. RELATED PARTY TRANSACTIONS (continued)The Group The Company(in thousands of $) 2005-06 2004-05 2005-06 2004-05ExpenseManagement fees charged by the immediateholding company for corporate, generaland administrative, technical and insuranceservices and equipment leases 12,373 12,561 12,373 12,561Rental of workshop and offi ce space charged bythe immediate holding company 22,865 23,008 22,865 23,008Purchases of materials from the immediateholding company 215,326 179,965 215,326 179,965Purchases of goods from:- associated companies 9,570 1,612 9,570 1,612- joint venture companies 4 – 4 –Services rendered by:- the immediate holding company 8,845 9,348 8,845 9,348- a related company 3,179 1,909 3,179 1,909Directors’ and key executives’ remuneration of the Company (in $)The Company2005-06 2004-05DirectorsDirectors’ fees 542,404* 569,702Key executives (excluding executive directors)Salary, bonuses and other costs 1,778,000 1,642,000CPF and other defi ned contributions 39,000 54,000Share-based compensation expense 244 168* proposedShare options granted to and exercised by key executives of the Company are as follows:Name of participantOptions grantedduring financialyear under reviewExercise pricefor options grantedduring financialyear under reviewAggregate optionsgranted sincecommencementof scheme to endof financial yearunder reviewAggregate optionsexercised sincecommencementof scheme to endof financial yearunder reviewOptionslapsedAggregate optionsoutstanding atend of financialyear under reviewWilliam Tan 225,000 $2.45 1,289,000 − − 1,289,000Oh Wee Khoon 114,000 $2.45 818,500 − − 818,500Chan Seng Yong 96,000 $2.45 705,225 − − 705,225Png Kim Chiang 132,000 $2.45 667,200 − − 667,200