Page 364 - MSM_AIR2021

362 MSM MALAYSIA HOLDINGS BERHAD WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOW WE OPERATE
ANNUAL INTEGRATED REPORT 2021

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 (continued)
Group Company
2021 2020 2021 2020
RM’000 RM’000 RM’000 RM’000

(v) Transactions with subsidiaries:
Dividends received from:
- MSM Prai - - (186,000) (75,000)

Interest received/receivable from:
- MSM Perlis - - - (815)
- MSM Johor - - (52,750) (35,606)
Interest paid/payable to:
- MSM Prai - - 4,927 (4,120)
Management fees from:
- MSM Prai - - (8,040) (8,040)
- MSM Perlis - - (1,395) (1,860)
- MSM Logistics - - (182) (182)
- MSM Johor - - (4,020) (4,020)
Office rental from:
- MSM Johor - - (16) (35)
- MSM Prai - - (202) (203)
- MSM Logistic - - (5) (7)

Land rental from:
- MSM Johor - - (2,167) (2,167)
(vi) Transactions with subsidiaries:

Loan modification recharge (receivable)/payable
from MSM Johor - - (9,749) 11,695
Lease interest recharge receivable from MSM Johor - - (1,040) (1,053)
These transactions were undertaken on agreed terms between the related parties.