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CITIC LIMITED
Notes to the Consolidated Financial Statements
For the six months ended 30 June 2016
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33 Material related party
(continued)
(b) Related party transactions
(i) Transaction amounts with related parties
Six months ended 30 June 2016
Parent
company
Holding
company’s
fellow entities
Associates and
joint ventures
Total
HK$ million HK$ million HK$ million HK$ million
Sales of goods
–
13
5
18
Purchase of goods
–
9
37
46
Interest income (note (2))
9
83
110
202
Interest expenses
3
19
208
230
Fee and commission income
–
6
18
24
Fee and commission expenses
–
–
3
3
Income from other services
–
43
40
83
Expenses for other services
–
222
4
226
Interest income from deposits
and receivables
–
32
63
95
Other operating expenses
–
10
19
29
Six months ended 30 June 2015
Parent
company
Holding
company’s
fellow entities
Associates and
joint ventures
Total
HK$ million
HK$ million
HK$ million
HK$ million
Sales of goods
–
133
–
133
Purchase of goods
–
4
12
16
Interest income (note (2))
8
27
21
56
Interest expenses
165
9
195
369
Fee and commission income
–
2
50
52
Fee and commission expenses
–
–
47
47
Income from other services
–
18
8
26
Expenses for other services
–
265
26
291
Interest income from deposits
and receivables
–
44
2
46
Other operating expenses
–
1
65
66
Notes:
(1)
These above transactions with related parties were conducted under the normal commercial terms.
(2)
Interest rates of loans and advances to the related parties were determined at rates negotiated between the Group and
the corresponding related parties on a case by case basis.
(3)
During the relevant periods, CITIC Bank, a subsidiary of the Group, entered into transactions with related parties in the
ordinary course of its banking businesses including lending, assets transfer, wealth management, investment, deposit,
clearing and off-balance sheet transactions. These banking transactions were conducted under normal commercial terms
and conditions and priced at the relevant market rates prevailing at the time of each transaction.