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NOTES TO THE

FINANCIAL STATEMENTS

30 RELATED PARTIES

For the purposes of these financial statements, parties are considered to be related to the Group

if the Group has the ability, directly or indirectly, to control the party or exercise significant

influence over the party in making financial and operating decisions, or vice versa, or where the

Trustee-Manager or the Group and the party are subject to common control. Related parties may

be individuals or other entities.

Other than those disclosed elsewhere in the financial statements, there were the following significant

transactions entered into on terms agreed with related parties during the year:

2012

2011

$’000

Treasury Holdings (Shanghai) Property Management Co., Ltd.

Rental income received/receivable

737

697

Property management fees paid/payable

3,386

3,052

Development management service fee paid/payable

415

1,952

Marketing services commission

2,417

1,987

Reimbursements

1,805

1,556

Forterra Real Estate Pte. Ltd. (formerly known

as Treasury Holdings Real Estate Pte. Ltd.)

Trustee-Manager’s fees paid/payable

16,316

15,028

Acquisition fee paid/payable

–

2,152

Reimbursements

391

334

Property management fees, Trustee-Manager’s fees and other fees are payable to subsidiaries of

Oriental Management Services Limited which is wholly owned by a controlling unitholder of the

Trust.

Reimbursements to Treasury Holdings (Shanghai) Property Management Co., Ltd., the Property

Manager of the Group, comprise mainly remuneration of its personnel who render their services to

the Group.

Reimbursements to Forterra Real Estate Pte. Ltd., the Trustee-Manager, comprise mainly the out-

of-pocket expenses and certain staff costs incurred by the Trustee-Manager in connection with or

arising out of the performance of its duties in managing the Trust.