NOTES TO THE FINANCIAL STATEMENTS Cont’d 31. Capital and other commitments Group 2022 2021 RM’000 RM’000 Capital expenditure commitments Property, plant and equipment Contracted but not provided for 180,685 224,869 32. Related parties Identity of related parties For the purposes of these financial statements, parties are considered to be related to the Group if the Group or the Company has the ability, directly or indirectly, to control or jointly control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group or the Company and the party are subject to common control. Related parties may be individuals or other entities. Related parties also include key management personnel defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. The key management personnel include all the Directors of the Group. The Group has related party relationship with its significant investors, subsidiaries, associates and key management personnel. In the context of these financial statements, associates also include the subsidiaries of the associates. Significant related party transactions Related party transactions have been entered into in the normal course of business under negotiated terms. The significant related party transactions of the Group and of the Company are shown below. The balances related to the below transactions are shown in Notes 12 and 19. Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 A. Subsidiaries Dividend income - - (543,600) (229,600) Management fee income - - (29,046) (25,142) Interest income on loans - - (106,078) (76,566) Back charge of transactions costs of Islamic Medium-Term Notes - - - (1,494) Short-term lease payments - - 659 659 ANNUAL REPORT 2022 308
RkJQdWJsaXNoZXIy NDgzMzc=