86
TEHO INTERNATIONAL INC LTD.
Annual Report 2016
NOTES
TO THE FINANCIAL STATEMENTS
Year ended 30 June 2016
25 DIVIDENDS
The following exempt (one-tier) dividends were declared and paid by the Group and the
Company:
For the year ended 30 June
Group and Company
2016
2015
$
$
Paid by the Company to the owners of the Company
0.8 cents per qualifying ordinary share
– 1,523,740
No dividends were paid to the non-controlling interests.
After the respective reporting dates, no one-tier tax exempt dividends were proposed
by the directors.
26 RELATED PARTIES
Other related party transactions
Other than as disclosed elsewhere in the financial statements, the transactions with
related parties based on terms agreed between the parties are as follows:
Group
Note 2016
2015
$
$
Rental expenses paid to related parties
(a)
(321,489)
(312,001)
Service fees paid to a related party
(b)
– (230,400)
Interest expense paid to a related party
(c)
(32,943)
–
Rental income earned from an associate
– 96,000
Sale of goods to an associate
1,280 55,927
Real estate services income earned from an associate
– 95,468
Advertising fees paid to an associate
(33,045)
–
26 RELATED PARTIES (CONT’D)
Other related party transactions (cont’d)
(a) The related parties are companies in which a director has a significant controlling
interest and a substantial shareholder has a controlling interest.
(b) The related party is a company inwhich a substantial shareholder has a controlling
interest.
(c)
The related party is an immediate family member of a director.
Transactions with key management personnel
Key management personnel of the Group are directors and those persons having
authority and responsibility for planning, directing and controlling the activities of
the Company, directly or indirectly. Key management personnel compensation and
transactions comprised:
Group
2016
2015
$
$
Key management personnel compensation
Salaries and other short-term employee benefits
2,775,783 2,759,872
Post-employment benefits, including employer’s
contribution to Central Provident Fund
90,136 116,669
Fees to directors of the Company
180,000 196,667
3,045,919 3,073,208
Key management personnel transaction
Rental expense paid to a director of a subsidiary
40,800 20,400
