252
PERENNIAL REAL ESTATE HOLDINGS LIMITED
Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS
29 FINANCIAL GUARANTEE CONTRACTS
Intra-group financial guarantees
Intra-group financial guarantees comprise guarantees given by the Company to banks in respect of banking facilities and
securities drawn by subsidiaries. The maximum exposure of the Company is $680.0 million. At the reporting date,
the Company does not consider it probable that a claim will be made against the Company under the guarantees. The period
in which the financial guarantees will expire are as follows:
Company
31/12/2015
30/6/2014
$’000
$’000
Within one year
170,000
–
After one year but within five years
510,000
–
680,000
–
30 RELATED PARTIES
Key management personnel remuneration
Key management personnel compensation comprised:
Group
Period from
1/7/2014 to Year ended
31/12/2015
30/6/2014
$’000
$’000
Salaries, bonuses and other costs
3,018
515
Contribution to defined contribution plans
71
26
Directors’ fees
447
157
3,536
698
During the financial period, other than as disclosed elsewhere in the financial statements, the following were significant
related party transactions based on agreed terms:
Other related party transactions
Group
Period from
1/7/2014 to Year ended
31/12/2015
30/6/2014
$’000
$’000
Associates and joint venture
Acquisition fee
11,700
–
Property and asset management fees
3,588
–
Leasing fee
1,653
–
