Lenovo 2008 Annual Report Download - page 135

Download and view the complete annual report

Please find page 135 of the 2008 Lenovo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 148

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148

32 Significant related party transactions
(a) The Group had the following significant related party transactions in the normal course of business during the year:
2008 2007
US$’000 US$’000
北京聯想利泰軟件有限公司
(Beijing Legendsoft International Technology Company Limited)
(an associated company)
– Purchase of goods 8220
– Service income 686 –
聯想網絡（深圳）有限公司
(Lenovo Networks (Shenzhen) Limited) (an associated company)
– Purchase of goods –917
– Sale of goods 963 1,043
– Service income 69 –
Note: The English name of each company is a direct translation of its Chinese registered name.
The directors are of the opinion that the above transactions were conducted on normal commercial terms and in the
ordinary course of business of the Group.
(b) Key management compensation
Details on key management compensation are set out in Note 12.
33 Bank facilities
Total bank facilities of the Group are as follows:
Total facilities Utilized amounts
2008 2007 2008 2007
US$’000 US$’000 US$’000 US$’000
Term loan 100,000 100,000 100,000 100,000
Short-term syndicated loans 400,000 400,000 400,000 –
Short-term loans 406,000 291,000 61,130 18,028
Foreign exchange contracts 1,838,000 1,735,000 1,127,000 896,000
Other trade finance facilities 384,000 476,000 150,000 104,000
3,128,000 3,002,000 1,838,130 1,118,028
The effective annual interest rates at March 31, 2008 were as follows:
US$
Other
currencies
Term loan 5.16% –
Short-term syndicated loans 3.26% –
Short-term loans – 3.37%-20%
Lenovo Group Limited • Annual Report 2007/08 133