| |
44. RELATED PARTY TRANSACTIONS
| |
|
| (a) |
Sale and purchase of goods and
services
In addition to the related party information
disclosed elsewhere in the financial statements, the following
significant transactions between the Group, the Company and
related parties took place during the financial year at terms
agreed between the parties :
|
|
| |
|
 |
 |
| |
|
|
|
|
|
|
|
|
|
| Charter hire paid to associated companies |
— |
|
2,513 |
|
— |
|
— |
|
| Charter hire, freight and shipmanagement |
|
|
|
|
|
|
|
|
| fees
received from associated companies |
— |
|
(6,123) |
|
— |
|
— |
|
| Management fees received from |
|
|
|
|
|
|
|
|
| associated
companies |
— |
|
(373) |
|
— |
|
(373) |
|
| Terminal and equipment leasing income |
|
|
|
|
|
|
|
|
| received
from associated companies |
(176) |
|
(266) |
|
— |
|
— |
|
| Guarantee fee income received from |
|
|
|
|
|
|
|
|
| associated
companies |
(173) |
|
(439) |
|
(173) |
|
(439) |
|
| Interest income received from |
|
|
|
|
|
|
|
|
| associated
companies |
(1,877) |
|
(1,987) |
|
(1,877) |
|
(1,987) |
|
|
|
|
| |
|
| |
| (b) |
Share options granted to directors
The aggregate number of share options granted
to the directors of the Company during the financial year
was 720,000 (2001: 850,000). The share options were given
on the same terms and conditions as those offered to other
employees of the Company (Note 38). The outstanding number
of share options granted to the directors of the Company at
the end of the financial year was 3,894,058 (2001: 2,820,089).
|
| (c) |
Directors' remuneration
The remuneration for executive directors
includes salaries, bonuses, severance payments and other emoluments,
while that for non-executive directors includes directors'
fees and other emoluments. Other emoluments (including benefits-in-kind)
are computed based on the cost incurred by the Group and the
Company, and where the Group or Company did not incur any
costs, the value of the benefit is included.
The total remuneration of the directors is
set out in Note 6.
|
| (d) |
Key management personnel
The employment benefits for key management
personnel includes salaries, bonuses, severance payments and
other emoluments (including benefits-in-kind).
The total employment benefits for key management
personnel were US$3.62 million (2001: US$1.39 million). Severance
payments for Mr Flemming Jacobs upon the cessation of his
employment on 6 January 2003 have been included in the employment
benefits for 2002.
|
|
| |
|
45.
|
STATUTORY INFORMATION REQUIRED BY PARAGRAPH
7 OF THE NINTH SCHEDULE OF THE COMPANIES ACT
|
|
| |
|
| |
|
|
|
| |
|
|
|
|
|
|
|
|
|
| The Company |
|
|
|
|
|
|
|
|
| Not later than 2 years |
56,102 |
|
374,663 |
|
560,628 |
|
756,424 |
|
| Later than 2 years but not later than
5 years |
553,810 |
|
635,326 |
|
1,480 |
|
118,727 |
|
| Later than 5 years |
572,275 |
|
397,275 |
|
792 |
|
2,373 |
|
|
|
|
| |
|
| |
The above amounts exclude creditors, debtors and
other items arising in the ordinary course of trade and separately
disclosed under current liabilities and assets.
|
| |
46. FINANCIAL INFORMATION BY INDUSTRY AND GEOGRAPHICAL
SEGMENTS
|
| |
|
| |
Primary Segment Reporting By Business Segments
The principal activities of the Group include those relating to
:
| 1. |
Liner |
— |
Global container transportation operations.
It offers container shipping services in major trade lanes
such as Trans-Pacific, Intra-Asia, Trans-Atlantic, Latin Americas
and Asia-Europe.
|
| 2. |
Logistics |
— |
Integrated management of all activities related
to the supply chain. It comprises all of the supply chain
processes that plan, implement, and control the effective
flow and storage of goods, services and information from the
origin to the point of consumption.
|
| 3. |
Chartering |
— |
Chartering of tankers, containerships and
bulk carriers. The tanker business being the main chartering
operation, concentrates mainly in the Aframax and Very Large
Crude Carriers ("VLCCs") markets. The Aframax fleet provides
petroleum transportation services in the Atlantic and lightering
services in the US Gulf, while the VLCC fleet offers point-to-point
services for the transportation of crude oil.
|
The terms of inter-segment sales are established by negotiation
between the various business units.
|
| |
|
|
|
