51
ANNUAL REPORT 2014/2015
INTERESTED PERSON TRANSACTIONS (“IPT”)
The Company has established a procedure for recording and reporting interested person transactions. Details
of significant interested person transactions for the financial year ended 31 March 2015 are set out below:
Name of interested person
Aggregate value of all IPT
during the
financial year ended
31 March 2015
(excluding transactions
below S$100,000)
Aggregate value of all IPT
conducted under
shareholders mandate
pursuant to Rule 920
(excluding transactions
below S$100,000)
(a) Rental income from related parties:
– Singapore Shipping Agencies Pte Ltd
– SSC Ship Management Pte Ltd
242,000
139,000
–
–
(b) Fees to related parties:
– Singapore Shipping Agencies Pte Ltd
186,000
–
(c) Transactions entered into by the Group
with directors of the Company:
– purchase of goods and services
1,000,000
–
All the above IPT were concluded on normal commercial terms.
There were no other material contracts or loan entered into by the Company and its subsidiaries involving
the interests of the CEO, directors or controlling shareholder, which are either subsisting at the end of the
financial year or, if not then subsisting, entered into since the end of the previous financial year.
CORPORATE GOVERNANCE STATEMENT
