Question: Can you help with the table? Khattar Pte Ltd [K] is the parent of Shenton Holdings Pte Ltd [SH]. The other significant subsidiary of Kis
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Can you help with the table?
Khattar Pte Ltd [K] is the parent of Shenton Holdings Pte Ltd [SH]. The other significant subsidiary of Kis Khattar Capital Pte Ltd [KC]. Purearth Pte Ltd [P] is an associate company of K. Mr Bob Ho is the controlling shareholder and director of K. He is also a member of the key management personnel of Barrage Pte Ltd [B] and also holds a 30% interest in Beng Huat Pte Ltd [BH] Mr Bob Tay is a director (but not a shareholder) of K. He is a 10% shareholder of Absolute Pte Ltd [A] The following significant transactions were carried out during the year in the normal course of business on terms agreed between the parties and included in the financial statements of the individual companies stated in the table below: 4 No. Transactions 1 Trade payables due to A included in K's financial statements 2 Non-trade receivables due from B included in K's financial statements 3 Information technology expenses paid by P to SH Salary, bonus and other benefits paid to key management personnel of SH 5 Salary, bonus and other benefits paid to key management personnel of A 6 Equity compensation benefits paid to key management personnel of K 7 Administrative support services paid by KC to SH Director's fee paid by KC to Mr Bob Tay Rental paid by A to KC 10 Utilities expenses paid by K on behalf of B $'000 818 1,270 95 127 325 98 357 351 173 184 8 9 Required: Assuming a 30% interest signifies significant influence, prepare a comprehensive disclosure note on all the related party transactions, in compliance with SFRS(I) 1-24, in: a. b. K's separate financial statements [Company] K's consolidated financial statements (Group) The disclosure note should be presented in a tabular format with appropriate headings and other sub-headings) in accordance with paragraph 19 of SFRS(I) 1-24. A sample table is given below. You must include each of the ten transactions in the table, but those transactions that you consider not necessary to be included in the disclosure note can be grouped together at the bottom of the table. Transaction Headings / No. Transactions Disclosed under Group ($) Disclosed under Company (S) Reason for inclusion/ exclusion * Subsidiaries (for eg) 1 2 N 10 Khattar Pte Ltd [K] is the parent of Shenton Holdings Pte Ltd [SH]. The other significant subsidiary of Kis Khattar Capital Pte Ltd [KC]. Purearth Pte Ltd [P] is an associate company of K. Mr Bob Ho is the controlling shareholder and director of K. He is also a member of the key management personnel of Barrage Pte Ltd [B] and also holds a 30% interest in Beng Huat Pte Ltd [BH] Mr Bob Tay is a director (but not a shareholder) of K. He is a 10% shareholder of Absolute Pte Ltd [A] The following significant transactions were carried out during the year in the normal course of business on terms agreed between the parties and included in the financial statements of the individual companies stated in the table below: 4 No. Transactions 1 Trade payables due to A included in K's financial statements 2 Non-trade receivables due from B included in K's financial statements 3 Information technology expenses paid by P to SH Salary, bonus and other benefits paid to key management personnel of SH 5 Salary, bonus and other benefits paid to key management personnel of A 6 Equity compensation benefits paid to key management personnel of K 7 Administrative support services paid by KC to SH Director's fee paid by KC to Mr Bob Tay Rental paid by A to KC 10 Utilities expenses paid by K on behalf of B $'000 818 1,270 95 127 325 98 357 351 173 184 8 9 Required: Assuming a 30% interest signifies significant influence, prepare a comprehensive disclosure note on all the related party transactions, in compliance with SFRS(I) 1-24, in: a. b. K's separate financial statements [Company] K's consolidated financial statements (Group) The disclosure note should be presented in a tabular format with appropriate headings and other sub-headings) in accordance with paragraph 19 of SFRS(I) 1-24. A sample table is given below. You must include each of the ten transactions in the table, but those transactions that you consider not necessary to be included in the disclosure note can be grouped together at the bottom of the table. Transaction Headings / No. Transactions Disclosed under Group ($) Disclosed under Company (S) Reason for inclusion/ exclusion * Subsidiaries (for eg) 1 2 N 10
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