NewWorld Development Company Limited
FINANCIAL SECTION
196
46 RELATED PARTY TRANSACTIONS
In addition to those disclosed in other sections of the consolidated financial statements, the following significant
related party transactions have been entered into by the Group during the year:
2015
2014
HK$m
HK$m
Joint ventures
Provision of construction work services (note (a))
676.8
834.6
Interest income (note (b))
204.9
137.3
Rental expenses (note (c))
277.5
262.3
2015
2014
HK$m
HK$m
Related companies (note (m))
Provision of construction work services (note (a))
249.6
428.5
Rental income (note (c))
132.1
171.4
Concessionaires commissions (note (d))
102.3
127.6
Hotel management services fee income (note (e))
100.0
78.9
Sales of goods, prepaid shopping cards and vouchers (note (f))
11.4
56.8
Purchase of goods (note (g))
61.1
79.8
Engineering and mechanical services (note (h))
923.8
987.9
Management fee expenses (note (i))
118.7
127.2
Accounts payable (note (j))
461.5
60.2
Notes:
(a) Revenue from provision of construction work services is principally charged in accordance with relevant contracts.
(b) Interest income is charged at interest rates as specified in note 21(a) on the outstanding amounts.
(c) Rental income and expenses are charged in accordance with respective tenancy agreements.
(d) The income is charged in accordance with concessionaire counter agreements with CTFJ and its subsidiaries (“CTFJ
Group”). The commission is mainly calculated by pre-determined percentages of gross sales value in accordance with
respective agreements.
(e) The hotel management services fee income is charged in accordance with the terms of the respective management service
agreements.
(f) This represents the amounts received in respect of the sales of goods, prepaid shopping cards and vouchers to CTFJ Group
and companies owned by Mr. Doo.
(g) This represents purchase of goods by means of presenting various cash equivalent gift coupons, gift cards and stored value
shopping cards to CTFJ Group. Such fee is charged in accordance with the terms of the agreements.
