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GB Auto and its Subsidiaries (S.A.E)
Notes to the Consolidated Financial Statements
For the year ended 31 December 2012
(In the notes all amounts are shown in thousand Egyptian pounds unless otherwise stated)
73
GB Auto
•
2012 ANNUAL REPORT
The following is the nature and the values for the cost significant transactions with the related parties during the year:
Transaction amount
Related party name
Relation type Transaction nature
2012
2011
Group Executive Directors
Board of director
members
Cash transfers
1,076
1,845
Management com-
pensation
24,060
18,477
Marco Polo Company – Brazil
Contribution in one
of subsidiaries
Cash transfers
4,043
1,329
El Kassed for Commercial Agencies
Contribution in one
of subsidiaries
Cash transfers
16,088
10,609
GK Berline
Contribution in one
of subsidiaries
Cash transfers
4,319
8
GK El Moultaqa for Trade and Investment
Contribution in one
of subsidiaries
Cash transfers
2,456
314
16. Treasury bills
2012
2011
Treasury bills (par value)
92,975
283,000
Total Interest income
(2,863)
(8,568)
Total paid
90,112
274,432
Accrued interest till 31 December 2012
1,090
6,087
Treasury bills balance
91,202
280,519
Treasury bills as of 31 December 2012 are as follows:
Purchase date
Purchase value Total interest
income
Interest rate
Maturity date
Accrued
interest till 31
December
1 December 2012
75,875
2,263
12.33% 19 February
2013
1,044
25 December 2012
15,000
469
12.95% 26 March 2013
37
18 December 2012
2,100
131
13.38% 18 June 2013
9
92,975
2,863
1,090
17. Cash on hand and at banks
2012
2011
Cash on hand and cash at banks
1,074,454
729,585
Checks under collection
99,078
151,456
1,173,532
881,041