Haier 2009 Annual Report Download - page 117

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31 December 2009

NOTES TO FINANCIAL STATEMENTS 財務報表附註
 海爾電器集團有限公司 115
14. Related Party Transactions (Contd)
(e) (Cont’d)
Notes:
(i) The export sales of washing machines and water heaters
were made to Haier Electrical Appliances Co., Ltd. (“Haier
Electrical”), a subsidiary of Haier Investment, at selling
prices representing the differences between the selling
prices of washing machines and water heaters mutually
agreed and the selling expenses of Haier Electrical not
exceeding 1.5% of the selling prices of washing machines
and water heaters.
(ii) The domestic sales of washing machines and water
heaters were made at unit prices not less than the
average selling prices of the same type of products
sold in similar transactions to the top five independent
customers of the Group in the previous year.
(iii) The purchase of raw materials was charged at prices not
higher than the consolidated and integrated tender and
bidding price of the raw materials plus a commission fee
of not exceeding 2.6%.
(iv) The printing and packaging fee expenses were charged
based on terms no less favourable than those offered
by independent third parties.
(v) The moulds were charged with reference to the average
market tender and bidding price plus actual administrative
costs.
(vi) The utility service fee expenses were charged based
on the state-prescribed prices plus actual administrative
costs.
(vii) The logistics charges were charged based on terms no
less favourable than those offered by independent third
parties.
(viii) The promotion fee expenses were charged at no more
than 1.2% of the domestic sales of washing machines
and water heaters of the Group.
(ix) The other service fee expenses were charged with
reference to the actual costs incurred and/or on terms
no less favourable than those offered by independent
third parties to the Group.
(x) The interest expenses and income were determined with
reference to the standard rates published by the People’s
Bank of China.
(xi) The trademark licence fee expenses were charged at a
nominal consideration of RMB1 during the year.
(xii) The sales of gift products were made at selling prices not
higher than those sold by Haier Affiliates to independent
third parties.
14. 

(e)


(i) 



1.5%

(ii) 



(iii) 
2.6%

(iv) 

(v) 

(vi) 

(vii) 

(viii) 
1.2%
(ix) 


(x) 

(xi) 
1
(xii) 
