CHINA YUCHAI INTERNATIONAL LTD | CIK:0000932695 | 3

  • Filed: 4/30/2018
  • Entity registrant name: CHINA YUCHAI INTERNATIONAL LTD (CIK: 0000932695)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/932695/000119312518140586/0001193125-18-140586-index.htm
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    • ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory

    The following provides the significant transactions that have been entered into with related parties for the relevant financial year.

     

         31.12.2015      31.12.2016      31.12.2017      31.12.2017  
         RMB’000      RMB’000      RMB’000      US$’000  

    Sales

    		            

    - Materials/engines to State Holding Company, its subsidiaries and affiliates

    		      516,679        447,509        455,061        71,896  

    - Hospitality and restaurant service charged to State Holding Company, its subsidiaries and affiliates

    		      3,247        4,761        4,454        704  

    - Diesel engines and materials to associates and joint ventures

    		      156,444        219,724        412,591        65,186  

    Purchase

    		            

    - Purchase of materials and supplies from subsidiaries and affiliates of State Holding Company

    		      1,181,852        1,028,358        1,221,421        192,976  

    - Materials and supplies/engines from associates and joint ventures

    		      90,354        308,610        914,211        144,439  

    Others

    		            

    - Delivery expense charged by subsidiaries of State Holding Company

    		      164,690        143,077        192,399        30,398  

    - Storage, distribution and handling expenses charged by a subsidiary of State Holding Company

    		      30,462        50,181        18,007        2,845  

    - Property management service charged by an associate/ a subsidiary of SHC(ii)

    		      23,359        20,976        22,212        3,509  

    - Leasing expenses charged by State Holding Company

    		      12,951        4,715        8,676        1,371  

    - Consultancy fees charged by State Holding Company

    		      —          10,026        12,264        1,938  

    - General and administrative expenses charged by State Holding Company

    		      3,141        4,283        7,951        1,256  

    - General and administrative expenses charged by affiliates of HLA

    		      6,271        6,887        6,913        1,092  

    - Charged by joint ventures for service provided

    		      —          2,121        2,543        402  

    - Charged to subsidiaries of State Holding Company for service provided

    		      —          8,873        21,274        3,361  

    - Charged to a joint venture for service provided

    		      —          —          14,241        2,250  

    - Rental income charged to State Holding Company and its subsidiaries

    		      619        5,454        4,483        708  

    - Purchases of vehicles/machineries from State Holding Company and its subsidiary

    		      1,963        —          52,443        8,286  

    - Purchases of additional shareholding in a subsidiary from State Holding Company (i)

    		      4,170        —          1,335        211  

    - Disposal of shareholding in an associate to State Holding Company (ii)

    		      —          —          1,833        290  

    - Sales of an intangible asset to a joint venture

    		      —          —          220,000        34,758  
      

     

     

    		     

     

     

    		     

     

     

    		     

     

     

    		  

     

    Note:

     

      (i) 

    In October 2015, Yuchai acquired 2.86% of equity interest in YEMC from State Holding Company with a purchase consideration of RMB 4.2 million.

    In June 2017, GYAMC acquired 25% of equity interest in Crankshaft from State Holding Company with a purchase consideration of RMB 1.3 million (US$0.2 million).

     

      (ii) 

    In August 2017, YEMC disposed its 30% equity interest in Property Management to State Holding Company for a consideration of RMB 1.9 million (US$0.3 million).