Sunny Tew

NOTES TO THE FINANCIAL STATEMENTSFOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2007 (Continued)26. Significant transactions with related companies and related parties (Continued)The following transactions were conducted during the financial year pursuant to the shareholders’ mandate obtained under Rule 920 of the SGX Listing Manual:The Group2007 2006$ $Sales to related parties- Lingco Shipbuilding Pte Ltd 1,664,504 36,398- Super Marine Supplies Pte Ltd 2,513,405 1,108,637Compensation of key management personnelThe remuneration of Directors and other members of key management of the Group and of the Company during the financial year are as follows:The Group2007 2006$ $Directors of the CompanySalaries and other short-term employee benefits 2,997,136 3,146,960Post-employment benefits 129,718 23,749Key management personnelSalaries and other short-term employee benefits 439,658 435,245Post-employment benefits 42,968 42,2973,609,480 3,648,251HG METAL MANUFACTURING LIMITED ANNUAL REPORT 200791