64
JUMBO GROUP LIMITED
Notes to the Combined
Financial Statements
As at 30 September 2015
5
HOLDING COMPANY, RELATED COMPANIES AND OTHER RELATED PARTIES TRANSACTIONS
(a)
Holding company and related companies
Some of the Group’s transactions and arrangements are with related parties and the effects of these on the basis determined
between the parties are reflected in these financial statements. The intercompany balances are unsecured, repayable on demand
and interest-free, unless otherwise stated.
(b)
Other related parties transactions
Some of the Company’s transactions and arrangements are with related parties and the effect of these on the basis determined
between the parties is reflected in these financial statements. The balances are unsecured, interest-free and repayable on
demand unless otherwise stated.
In addition to the information disclosed elsewhere in the financial statements, the Group entered into the following significant
transactions as follows:
Group
2015
2014
$
$
Consultancy services provided by related party
18,387
120,000
Rental paid to directors of subsidiaries
132,000
132,000
Remunerations of directors and key management personnel
The remuneration of directors and key management are as follows:
Group
2015
2014
$
$
Short-term employee benefits
4,033,152 3,523,603
Post-employment benefits
106,272 121,448
Total compensation
4,139,424 3,645,051
6
CASH AND CASH EQUIVALENTS
Group
Company
2015
2014
2015
$
$
$
Cash on hand
192,343
184,371
2
Cash at bank
34,146,160 40,783,433
10,000
Fixed deposits
25,722,370 6,470,172
–
60,060,873 47,437,976
10,002
The fixed deposits mature within a year and bear interests ranging from 0.05% to 0.90% (2014 : 0.05% to 0.43%) per annum.
