PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 172 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 34. RELATED PARTY DISCLOSURES (continued) (b) In addition to the transactions detailed elsewhere in the financial statements, the Group and the Company had the following transactions with related parties during the financial year which were carried out based on negotiated terms and conditions and mutually agreed with related parties (continued): Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Joint venture Commission received/receivable 91 90 - - Dividend income 309 291 - - Sales of goods 1,241 1,446 - - Sales of services 134 63 - - Purchase of materials (60) (67) - - Rental income 101 99 - - Joint venture partner * Sale of goods 2,207 2,400 - - Directors of the Company and close family member of the Directors Progress billing 113 - - - Discount allowed (113) - - - Director of subsidiary company Progress billing 57 - - - Discount allowed (57) - - - * The joint venture partner of the Group is Trunet (UK) Limited, a company that owns 50% of Trunet (Vietnam) Co., Ltd., a joint venture of the Group. (c) Compensation of key management personnel Key management personnel are those persons having the authority and responsibility for planning, directing and controlling the activities of the entity, directly and indirectly, including any Director (whether executive or otherwise) of the Group and of the Company.