MSM Malaysia Holdings Berhad Annual Report 2020

35 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED) Related parties and their relationship with the Group are as follows: Related parties Relationship Federal Land Development Authority (“FELDA”) Ultimate holding body* FGV Holdings Berhad (“FGVH”) Immediate holding company* Felda D’Saji Sdn Bhd (“D’Saji”) Subsidiary of FELDA KPF Trading Sdn. Bhd (Felda Trading Sdn Bhd) (“KPF”) Subsidiary of FELDA Felda Holdings Berhad (“FHB”) Subsidiary of FGVH FGV Prodata Systems Sdn Bhd (“FPSB”) Subsidiary of FGVH FGV Security Services Sdn Bhd (“FSS”) Subsidiary of FGVH Felda Engineering Services Sdn Bhd (“Felda Engineering”) Subsidiary of FGVH Felda Global Ventures Capital Sdn Bhd (“FGVC”) Subsidiary of FGVH FGV Fertiliser Sdn Bhd (“FPM”) Subsidiary of FGVH MSM Sugar Refinery (Johor) Sdn Bhd (“MSM Johor”) Subsidiary company MSM Logistics Sdn Bhd (“MSM Logistics”) Subsidiary company MSM Prai Berhad (“MSM Prai”) Subsidiary company MSM Perlis Sdn Bhd (“MSM Perlis”) Subsidiary company MSM Trading & Distribution Sdn Bhd (“MSM Trading”) Subsidiary company MSM Trading International DMCC (“MSM Trading International”) Subsidiary company *FGVH was reflected as the ultimate holding company in the previous financial year. However, following the events as disclosed in Note 41(b) to the financial statements, FELDA and FGVH are deemed as ultimate holding body and immediate holding company respectively as at 31 December 2020. (a) Significant transactions with related parties Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 (i) Transactions with FGVH: - management fees: - current year 2,819 7,776 1,616 1,531 - adjustment in respect of prior year - (827) - - - sales of refined sugar - - - - - other services 203 2 194 22 3,022 6,951 1,810 1,553 (ii) Transactions with FHB and subsidiaries of FHB: - sales of refined sugar (11) - - - - security services (FSS) 1,197 1,491 59 4 - other services 8,544 3,366 19 179 (iii) Transactions with KPF: - sales of refined sugar (1,376) (3,418) - - - insurance service 279 301 - - MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 217 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING