Notes To The Financial Statements 31 March 2024 (Cont’d) 161 FINANCIAL STATEMENTS & OTHERS 30. RELATED PARTY DISCLOSURES (a) Identities of related parties 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. Related parties of the Group include: (i) Direct and indirect subsidiaries as disclosed in Note 6 to the financial statements; (ii) Key management personnel, which comprises persons (including the Directors of the Company) having authority and responsibility for planning, directing and controlling the activities of the Group directly or indirectly; and (iii) Company in which a Director is also a Director cum shareholder of the Company. (b) Significant related party transactions and balances In addition to the transactions and balances detailed elsewhere in the financial statements, the Company had the following transactions with related parties during the financial year: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Related parties: Interest expenses 877 378 877 369 Disposal of subsidiary 1,200 - - - Subsidiaries: Interest income - - 5,742 4,971 Management fees received/ receivable - - 953 682 Director: Interest expenses 370 70 370 70 The related party transactions described above were carried out on terms and conditions mutually agreed with the respective parties. Balances of the above related parties are disclosed in Notes 10 and 18 to the financial statements. (c) Key management personnel The remunerations of Directors of the Company during the financial year were as follows: Group and Company 2024 2023 RM’000 RM’000 Fees 386 372 Salaries 1,337 1,337 Other emoluments 687 715 Share options granted under ESOS 228 11 2,638 2,435
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