28 SIGNIFICANT RELATED PARTY TRANSACTIONS
In the normal course of business, the Group purchases and sells products and services to related parties. Significant transactions
with related parties, other than those disclosed elsewhere in the financial statements, are as follows:
Group
2015
2014
$’000
$’000
Ultimate Holding Company
Revenue from sale of products and provision of services
358
191
Immediate Holding Company
Revenue from sale of products and provision of services
12
164
Management fees
78
75
Subsidiaries of Holding Companies
Revenue from sale of products and provision of services
229,431
215,520
Purchase of products and services
124,272
57,845
Rental and warehouse expenses
2,012
1,484
Telecommunication services received
807
859
Key Management Personnel
Short-term employment benefits
– Directors
318
319
– Other key management personnel
3,000
2,484
Post-employment benefits (including CPF)
– Other key management personnel
637
587
Share-based payments
– Directors
136
137
– Other key management personnel
401
191
4,492
3,718
106
TELECHOICE INTERNATIONAL LIMITED
2015 ANNUAL REPORT
NOTES TO THE
FINANCIAL STATEMENTS
