Kimlun Corporation Berhad Annual Report 2018

27. Other reserves (cont'd) (a) Foreign currency translation reserve The foreign currency translation reserve represents exchange differences arising from the translation of the financial statements of a foreign operation whose functional currency is different from that of the Group's presentation currency. (b) Warrants reserve A total of 60,112,500 free warrants (''Warrants 2014/2024'') were issued by the Company on 13 March 2014. Each warrant entitles the holder to subscribe for 1 new share at the exercise price of RM1.68 per share at any time during the exercise period. The warrants have an exercise period of 10 years commencing 13 March 2014 and expiring on 12 March 2024. As at 31 December 2018, 58,954,600 (2017: 59,057,300) Warrants 2014/2024 remain unexercised. 28. Related party disclosures In addition to the related party information disclosed elsewhere in the financial statements, the following significant transactions between the Group and related parties took place at terms agreed between the parties during the financial year: Group Company 2018 2017 2018 2017 RM RM RM RM Purchase of raw materials from a company related to certain directors - 387,136 - - Contract fee receivable from a company related to certain directors 27,465,517 11,368,667 - - Contract fee receivable from joint ventures 156,945,001 142,173,543 - - Rental of land and building paid to companies related to certain directors 2,241,394 2,046,911 - - Rental of premise paid to a company related to certain directors 13,598 13,893 - - Landscaping and maintenance service paid to a company related to certain directors 65,800 267,153 - - Interest income received from subsidiaries - - 1,891,350 1,862,157 Dividend income received from subsidiaries - - 17,100,000 19,234,000 Companies related to certain directors These entities are subject to the same source of influence as the Company through common directors. Compensation of key management personnel The remuneration of key management personnel during the year are as follows: 2018 2017 RM RM Salaries, bonus and other emoluments 5,153,450 5,479,130 Defined contribution plan 890,433 947,555 Other short term benefits 121,729 108,894 6,165,612 6,535,579 Annual Report 2018 110 For the financial year ended 31 December 2018 (cont’d) NOTES TO THE FINANCIAL STATEMENTS