ANNUAL REPORT

52Middle East Development Singapore ltdannual report 2007NOTES TO FINANCIALSTATEMENTS30 June 20073. RELATED PARTY TRANSACTIONS (Cont’d)3.4. Other receivables from/(other payables to) related parties:The trade receivables and payables balances arising from sales and purchases of goods and services are disclosed elsewherein the notes to the financial statements.The movements in other payables to related parties are as follows:Group and CompanyOther receivables:Related party2007 2006$ $Payment on behalf during the year 300,825 –Balance at end of year 300,825 –GroupOther payables:DirectorRelated party2007 2006 2007 2006$ $ $ $Balance at beginning of year (1,555) (1,595) (227,935) (240,406)Amounts paid out during the year – 40 7,222 47,222Amounts received on behalf during the year (39) – (29,921) (34,751)Balance at end of year (1,594) (1,555) (250,634) (227,935)CompanyOther payables:Related party2007 2006$ $Balance at beginning of year (161,397) (166,365)Amounts paid out during the year 4,850 7,610Amounts received on behalf during the year (231) (2,642)Balance at end of year (156,778) (161,397)