SI Annual Report 2016

Saunders International Limited
Notes to the Financial Statements
22. RELATED PARTY TRANSACTIONS
The Company leases a property containing its workshop and offices from a company ultimately beneficially owned by
some directors and key management personnel of the Company. The details of this lease are contained in Note 18.
These directors and key management personnel have interest in the related party company as follows:
Timothy Burnett 34%
Other key management personnel 4%
The rental rate for the year was the market rental as assessed by a Certified Practicing Valuer on 1 January 2014 plus
CPI adjustment. Rent paid during the year amounted to $642,785 (2015: $600,959).
23. REMUNERATION OF AUDITOR
2016
$
2015
$
Audit or review of the financial report 110,000 116,500
110,000 116,500
The auditor of Saunders International Limited is Deloitte Touche Tohmatsu.
24. SUBSEQUENT EVENTS
There has not been any matter or circumstance occurring subsequent to the end of the financial year that has significantly
affected, or may significantly affect, the operations of the company, the results of those operations, or the state of affairs
of the company in future financial years.
25. ADDITIONAL COMPANY INFORMATION
General Information
Saunders International Limited is incorporated and operating in Australia.
Saunders International Limited’s registered office and its principal place of business is as follows:
Registered office
Principal place of business
271 Edgar Street 271 Edgar Street
Condell Park NSW 2200 Condell Park NSW 2200
Tel: (02) 9792 2444 Tel: (02) 9792 2444