Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 129 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 14. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES (CONT’D) Included in trade receivables of the Group are the following amount owing by the related parties: The Group 2022 2021 RM RM AMT Engineering Sdn. Bhd. 6,505 3,595 A & I Engine Rebuilders Sdn. Bhd. 2,029 19,925 Tenaga-Tech (M) Sdn. Bhd. 6,885 - 15,419 23,520 The said amount, which arises mainly from trade transactions, is unsecured, interest-free and repayable on demand. The amount owing is to be settled in cash. The related parties and their relationships with the Group are as follows: Name of related parties Relationship A & I Engine Rebuilders Sdn. Bhd. A company in which Sia Chiok Meng, a director of a subsidiary, is also a director and has a financial interest. AMT Engineering Sdn. Bhd. A company in which Sia Chiok Meng, a director of a subsidiary, is also a director and has a financial interest. Tenaga-Tech (M) Sdn. Bhd. A company in which Mohd Shukri Bin Hitam and Fauziah Binti Hamlawi, directors of a subsidiary, are also directors and have financial interest. Transactions undertaken with related parties during the financial year are as follows: The Group 2022 2021 RM RM A & I Engine Rebuilders Sdn. Bhd. Sales 34,955 40,555 AMT Engineering Sdn. Bhd. Sales 35,969 31,006 Purchases 1,230 3,490 Rental expense 144,000 144,000 Tenaga-Tech (M) Sdn. Bhd. Sales 4,280 27,279 Purchases 165,762 316,103 Director of a subsidiary Rental expense 120,000 -
RkJQdWJsaXNoZXIy NDgzMzc=