KUB Malaysia Berhad Annual Report 2021

36. RELATED PARTY DISCLOSURES (cont’d) (a) During the financial period, significant transactions undertaken on basis agreed with related parties are as follows: Company 1.1.2020 to 1.1.2019 to 30.6.2021 31.12.2019 (18 months) (12 months) RM’000 RM’000 Management fees from subsidiaries 4,972 5,406 Rental income from subsidiaries 458 291 IT services rendered by a subsidiary (164) (227) Interest income from subsidiaries 759 864 Interest expense charged by subsidiaries - (808) Advances to subsidiaries (net) - (5,577) Information regarding outstanding balances arising from related party transactions as at 30 June 2021 and 31 December 2019 are disclosed in Notes 18 and 23. (b) Remuneration of key management personnel other than the Directors of the Group and of the Company: Group Company 1.1.2020 to 1.1.2019 to 1.1.2020 to 1.1.2019 to 30.6.2021 31.12.2019 30.6.2021 31.12.2019 (18 months) (12 months) (18 months) (12 months) RM’000 RM’000 RM’000 RM’000 Other key management personnel Salaries, allowances and bonuses 5,138 3,463 2,716 2,114 Defined contribution plan 578 424 303 260 Social security contributions 11 8 6 5 Other benefits 168 429 168 100 5,895 4,324 3,193 2,479 Key management personnel comprise persons of the Group entities having authority and responsibility for planning, directing and controlling the activities of the entity either directly or indirectly. Details of the Company’s Directors remuneration for the Group and of the Company are disclosed in Note 11. Other key management personnel include persons other than the Directors within the Group. (c) Transactions between the Group and the Company with a company/firm in which certain Directors of the Group have substantial interest: Transactions Transactions amount for amount for period ended year ended 30 June 31 December 2021 2019 RM’000 RM’000 Company Provision for management services 240 - Group Provision for management services 240 - Provision of legal services - 50 There were no outstanding balances arising from the related party transactions above as at 30 June 2021. The Directors are of the opinion that all the transactions above have been entered into in the normal course of business under commercial terms mutually agreed between the parties involved. NOTES TO THE FINANCIAL STATEMENTS 128 KUB MALAYSIA BERHAD