China Communications Services Corporation Limited Annual Report 2015
161
NOTES TO THE
CONSOLIDATED FINANCIAL STATEMENTS
For the year ended 31 December 2015
42. RELATED PARTIES
(continued)
(d) Contributions to defined contribution retirement plans
In accordance with the labour regulations of the PRC, the Group participates in various defined contribution
retirement schemes organised by the municipal and provincial governments for its employees. The Group is required
to make contributions to the retirement schemes at rates ranging from 18% to 22% of the salaries, bonuses and
certain allowances of the employees. A member of the scheme is entitled to a pension equal to a fixed proportion of
the salary prevailing at his or her retirement date. The Group has no other material obligation for the payment of
pension benefits associated with these schemes beyond the annual contributions described above.
As at 31 December 2015 and 2014, there was no material outstanding contribution to post-employment benefit
plans.
The directors believe the above information provides meaningful disclosure of related party transactions.
(e) Applicability of the Listing Rules relating to connected transactions
The related party transactions with CTC Group disclosed in note 42(a) above constitute continuing connected
transactions as defined in Chapter 14A of the Listing Rules. The applicable disclosures required by Chapter 14A of
the Listing Rules are provided in the “Continuing Connected Transactions” section to the annual report.
43. SEGMENT REPORTING
The Group principally has one reportable segment, which is the provision of integrated telecommunications support
services in the informatization sector. Therefore, no additional segment information has been presented. Additional
information about major customers and geographical areas of the Group has been disclosed in note 4.
