24. RELATED PARTY TRANSACTIONS
In the normal course of business the Group undertakes on an arm's length basis a wide variety of transactions with its associates and with Jardine Matheson Holdings Limited and its subsidiary undertakings and associates. All of such transactions are considered to be immaterial in the context of the Group. In addition, the Group paid a management fee to Jardine Matheson Limited, a wholly-owned subsidiary of Jardine Matheson Holdings Limited, being 0.5% per annum of the Group's net profit after taxation and minority interests in consideraton for certain management consultancy services provided by Jardine Matheson Limited.