INTERESTED PERSON
TRANSACTIONS
The Group has established internal control procedures to ensure the transactions with interested persons are properly
reviewed and approved by the AC and conducted at arm’s length basis, on normal commercial terms and will not be
prejudicial to the interests of the Company and its minority shareholders.
The AC has reviewed the Interested Person Transactions (“IPTs”) for FY2015 and are of the view that the transactions
were on normal commercial terms and not prejudicial to the interests of the Company and its minority shareholders.
The aggregate values of all IPTs conducted during the financial year are as follows:
Interested person
Aggregate value of all IPTs
excluding transactions
conducted under
shareholders’mandate
pursuant to Rule 920 of
SGX-ST Listing Manual
Aggregate value of all
IPTs conducted under
shareholders’mandate
pursuant to Rule 920 of
SGX-ST Listing Manual
2015
U$’000
2014
U$’000
2015
US$’000
2014
US$’000
Expenses: Immediate holding company
PT Samudera Indonesia Tbk
Agency Commissions
–
–
2,332
2,554
Office rental
–
–
85
100
Expenses: Related company
PT Samudera Indonesia Ship Management
Ship management fees
–
–
1,158
1,140
PT Perusahaan Pelayaran Nusantara Panurjwan
Building rental
–
–
–
2
Vessel charter hire
–
–
1,225
–
Slot space purchase
289
176
–
–
PT Masaji Tatanan Container
Container depot storage / repair
–
–
219
388
Land lease
–
136
–
–
PT Prima Nur Panurjwan
Stevedorage
–
–
–
7
PT Tankindo Perdana
Vessel charter hire
–
–
43
317
PT Samudera Energi Tangguh
Vessel charter hire
–
–
162
3,177
Income: Related company
PT Perusahaan Pelayaran Nusantara Panurjwan
Vessel charter hire
3,417
2,624
–
–
Sale of fixed slot space
–
2,187
–
–
PT Samudera Energi Tangguh
Sale of vessels
4,860
–
–
–
8,566
5,123
5,224
7,685
The Group had subsisting service agreements with the holding company and related companies relating to shipping
agency services, ship management services, vessel charter hire and container depot storage and repair at the end of
the financial year.
45
FOCUSED & RESILIENT
SAMUDERA SHIPPING LINE LTD
ANNUAL REPORT 2015
