NOTES TO
FINANCIAL STATEMENTS
December 31, 2015
35
HOLDING COMPANY AND RELATED COMPANY TRANSACTIONS (CONT’D)
During the year, Group entities entered into the following transactions with related companies that are not
members of the Group:
Group
2015
2014
US$’000
US$’000
Expenses
Immediate holding company:
Agency commissions
2,332
2,554
Office renovation
–
447
Office rental
85
100
Related companies:
Ship management fees
1,158
1,140
Building rental
–
2
Vessel charter hire
1,430
3,494
Container depot storage/repair
219
388
Land lease
–
136
Slot space purchase
289
176
Stevedorage charges
–
7
Income
Related companies:
Sale of vessels
4,860
–
Vessel charter hire
3,417
2,624
Sale of fixed slot space
–
2,187
133
FOCUSED & RESILIENT
SAMUDERA SHIPPING LINE LTD
ANNUAL REPORT 2015
