Bank Islam Integrated Annual Report 2020

44. RELATED PARTY TRANSACTIONS Identity of related parties For the purposes of these financial statements, parties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. The Group has a related party relationship with its subsidiaries (see Note 13), holding company and substantial shareholders of the holding company. Related party transactions have been entered into in the normal course of business under normal trade terms. (a) The related party transactions of the Bank, other than key management personnel compensation, are as follows: Bank Transaction amounts for 2020 RM’000 2019 RM’000 Ultimate holding entity Income Wakalah fee 576 446 Office rental 66 64 Fees and commission – 38 Expenses Income attributable to depositors 51,173 42,828 Income attributable to investment account holders 8,823 843 Finance cost on Subordinated Sukuk Murabahah 2,348 5,750 Office rental 1,252 1,229 Depreciation of right-of-use assets 13,193 13,193 Profit expense on lease 17,501 17,856 Other rental 383 496 Holding company Income Office rental 1,038 1,029 Others 129 147 Expenses Income attributable to depositors 7 4 Income attributable to investment account holders 9,340 9,614 Office rental 23 – Notes to the financial statements for the financial year ended 31 December 2020 308 Financ ial Statement s Accountabi l i t y Addi t ional Informat ion