37. RELATED PARTIES Significant related party transactions The significant related party transactions of the Group and of the Company are as follows: Group Company 1.7.2022 to 31.12.2023 RM’000 1.7.2021 to 30.6.2022 RM’000 1.7.2022 to 31.12.2023 RM’000 1.7.2021 to 30.6.2022 RM’000 Subsidiary companies Dividend income – – 24,842 19,050 Management fee income – – 22,760 17,655 Purchase of other products and services – – (5) (624) Purchase of IT products and services – – (1,123) – Rental expenses paid/payable – – (758) (388) Other related parties* Purchase of IT products and services – (217) – – Sales of other products and services 58 – – – * The related parties and the Group are subject to common significant influence. The terms and conditions for the above transactions are based on negotiated basis. Significant related party balances of the Group and of the Company are disclosed in Notes 13, 14 and 22 to the financial statements respectively. Other key management personnel comprise persons other than the Directors of Group entities, having authority and responsibility for planning, directing and controlling the activities of the Group entities either directly or indirectly. In addition to their salaries, the Group also voluntarily provided additional Employees Provident Fund (EPF) contributions over the statutory requirement for a significant number of employees. Financial Statements DAGANG NeXCHANGE BERHAD 296 NOTES TO THE FINANCIAL STATEMENTS
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