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NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS
.
5. TRADE ACCOUNTS RECEIVABLE
6. RELATED PARTY TRANSACTIONS
During the years, the Company had certain business transactions with its joint ventures and related companies (being co-ventures in the joint ventures). Such transactions were made principally at prevailing market rates, and are summarised below:-

NOTES TO CONSOLIDATED
FINANCIAL STATEMENTS (Continued)

The above lendings and borrowings are repayable on demand. The interest rate is 8 per cent per annum.

 
 
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