Page 169 - Annual Report 2014
P. 169
Notes to the Financial Statements
Year ended 31 December 2014
25 Related Party Transactions
The Company has entered into contractual agreements on behalf of its subsidiaries, and recharges its subsidiaries based on
terms agreed between the parties involved.
In the normal course of business, the Group purchases and sells info-communications services to related companies. The
related party transactions are carried out on terms negotiated between the parties which are intended to reflect competitive
terms.
Other than disclosed above and elsewhere in the financial statements, significant transactions of the Group and the Company
with related parties during the financial year were as follows:
Group Company
2014 2013 2014 2013
$m $m $m $m
Ultimate holding company 0.7 0.6 0.7 0.6
Sales
Subsidiaries – – 523.4 539.9
Sales – – 48.1 42.4
Purchase of services
Related corporations 77.6 85.1 33.1 31.9
Sales 18.1 23.3 13.8 20.9
Purchase of property, plant and equipment 85.1 83.2 37.1 37.6
Rental expenses 151.8 100.6 36.8 26.6
Purchase of services 167.2 204.2 166.8 203.8
Purchase of inventories
26 Segment Reporting
Segment information is presented based on the information reviewed by the chief operating decision maker (“CODM”) for
performance assessment and resource allocation.
The CODM assess the Group’s financial performance using performance indicators which include revenue, EBITDA, capital
expenditure and cash flow of the Group.
The Group operates primarily in Singapore in one segment. The Group delivers its Mobile, Pay TV, Broadband, Fixed networks
services and equipment sales on a fully integrated network, customer service, sales, marketing and administration support.
The Group has a large and diversified customer base which consists of individuals and corporations. There was no single
customer that contributed to 10% or more of the Group’s revenue.
166 many lives of hubbing
