Tropicana Corporation Berhad Annual Report 2019

36. SIGNIFICANT RELATED PARTY TRANSACTIONS (CONT’D.) In addition to the related party information disclosed elsewhere in the financial statements, the following significant transactions between the Group and the related parties took place at terms agreed between the parties during the financial year: (cont’d.) (c) Transactions with entities related to Tan Sri Dato’ Tan Chee Yioun (“Tan Sri Vincent Tan”), who is the brother of Tan Sri Dato’ Tan Chee Sing 2019 2018 RM’000 RM’000 Group Rental income receivable/received 17 50 Telephone charges payable/paid (5) (8) Insurance charges payable/paid (474) (447) Company Insurance charges payable/paid (11) (11) (d) Sale of development properties 2019 2018 RM’000 RM’000 Group Sales of development properties to certain directors of subsidiaries 934 1,459 The directors are of the opinion that all the above transactions were entered into in the normal course of business and have been established under terms that are no less favorable than those obtainable in transactions with unrelated parties. Information regarding outstanding balances arising from related party transactions as at 31 December 2019 and 31 December 2018 are disclosed in Note 23(b)(iii) and Note 33(b)(iii). For the financial year ended 31 December 2019 Notes to the Financial Statements Tropicana Corporation Berhad Annual Report 2019 pg 232 About Tropicana Our Strategic Performance Our Leadership