Haier 2009 Annual Report Download - page 115
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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 113
14. Related Party Transactions (Cont’d)
(c) Qingdao Jiaonan Haier Washing Machine Co., Ltd. (“Jiaonan
Washing Machine”), a non-wholly-owned subsidiary of the
Company, and Qingdao Haier Electronics Plastic Co., Ltd.
(“Qingdao Electronics Plastic”), an associate of Haier Corp,
entered into an asset acquisition agreement on 30 June 2009
pursuant to which Jiaonan Washing Machine agreed to acquire
two compression machines (the “Compression Machines”) at
a cash consideration of approximately RMB1,926,000. The
consideration was determined with reference to the net assets
value of the Compression Machines and was fully paid during
the year. The above transaction was completed on 30 June
2009.
(d) Wuhan Haier Water Heater Co., Ltd. (“Wuhan Water Heater”),
a wholly-owned subsidiary of the Company, and Wuhan Haier
Refrigerator Co., Ltd. (“Wuhan Refrigerator”), a non-wholly-
owned subsidiary of Qingdao Haier, entered into a removal
compensation agreement on 30 June 2009 pursuant to
which Wuhan Water Heater agreed to remove its plant and
machinery from the existing premises to the new premises in
consideration for an aggregate compensation of approximately
RMB12,406,000. The compensation included a removal
compensation fee of approximately RMB4,906,000, which was
fully received during the year, and a renovation compensation
fee of RMB7,500,000, with RMB3,400,000 received during
the year and the remaining RMB4,100,000 to be paid in
two annual installments on or before 25 September 2010
and 2011, respectively. The removal compensation fee and
renovation compensation fee were determined with reference
to the costs and expenses incurred by Wuhan Water Heater
in respect of the removal.
14.
(c)
1,926,000
(d)
12,406,000
4,906,000
7,500,000
3,400,000
4,100,000