Page 363 - MSM_AIR2021
P. 363

SUSTAINABILITY JOURNEY   HOW WE ARE GOVERNED   FINANCIAL STATEMENTS   ADDITIONAL INFORMATION  361


            NOTES TO THE FINANCIAL STATEMENTS

            FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021










            35  SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED)
                 (a)   Significant transactions with related parties
                                                                              Group                  Company
                                                                         2021        2020         2021        2020
                                                                       RM’000      RM’000       RM’000      RM’000

                     (i)   Transactions with FGVH and subsidiaries of FGVH:
                          - management fees:
                            - current year                              2,954        2,819       1,697        1,616
                          - sales of refined sugar                        (16)           -           -            -
                          - interest expense                              417        2,383         124        1,352
                          - other services                               (759)        203            1         194
                                                                        2,596        5,405       1,822        3,162
                     (ii)   Transactions with FHB and subsidiaries of FHB:
                          - sales of refined sugar                        (43)         (11)          -            -
                          - security services (FSS)                     1,752        1,197           -          59
                          - transportation services                     5,771        8,523           -            -
                          - other services                                 59         880          103          19

                     (iii)   Transactions with subsidiaries of KPF:
                          - sales of refined sugar                      (1,921)      (1,376)         -            -
                          - insurance service                             302         279            -            -
                          - provision of refreshment                        4           7            4           7
                     (iv)  Transaction with FELDA
                          - rental                                        885         409          885         409
   358   359   360   361   362   363   364   365   366   367   368