2019 UEM Edgenta Annual Report

274 275 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION UEM Edgenta Berhad Annual Report 2019 Item Company in UEM Edgenta Group involved Transacting Party Nature of relationship as at the LPD Nature of transaction Value incurred from 1 January 2019 to 14 May 2019 RM’000 Value incurred from 15 May 2019 to 31 December 2019 RM’000 Aggregate Value of Transactions during the Financial Year RM’000 2 UEM Edgenta Group PLUS Malaysia Group Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEM Edgenta is a 69.14% subsidiary of UEMG. PLUS Malaysia is a 51% subsidiary of UEMG. Dato’ Noorazman Abd Aziz is a Director of UEM Edgenta and PLUS Malaysia. Dato’ Noorazman Abd Aziz does not have any equity interest in PLUS Malaysia. Provision of facilities maintenance services to PLUS Malaysia Group. 118 90 208 Provision of highway operations & maintenance services through Performance Based Contract (“PBC”) concept to PLUS Malaysia Group. - - - Provision of design, consultancy services, maintenance management & technical services to PLUS Malaysia Group; project management fees and development & proposed network maintenance fee from PLUS Malaysia Group. 13,123 26,669 39,792 Provision of highway maintenance services to PLUS Malaysia Group. 205,519 603,301 808,820 Provision of maintenance services of the real time monitoring system and soil investigation works for upgrading of existing and new facilities to PLUS Malaysia Group. - - - 3 UEM Edgenta Group UEM Sunrise Group Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEM Edgenta is a 69.14% subsidiary of UEMG. UEM Sunrise is a 66.06% subsidiary of UEMG. Dato’ Noorazman Abd Aziz is a Director of UEM Edgenta and UEM Sunrise. Dato’ Noorazman Abd Aziz does not have any equity interest in UEM Sunrise. Provision of facilities maintenance services to UEM Sunrise Group. 2,148 4,249 6,397 Provision of integrated facilities management and estate management services by UEM Edgenta Group to UEM Sunrise Group. 3,415 301 3,716 Provision of services to UEM Sunrise Group as follows: 55 - 55 (i) pavement, mechanical, electrical and electronic (“MEE”) works, utilities relocation and traffic management works; (ii) project management consultancy services for commercial development; (iii) proposed soil investigation works, instrumentation, material testing, environmental services and pavement works for projects development; (iv) provision of energy management services; and/ or (v) provision of Strata and Building Facilities Management software - User License Fee. Recurrent Related Party Transactions Item Company in UEM Edgenta Group involved Transacting Party Nature of relationship as at the LPD Nature of transaction Value incurred from 1 January 2019 to 14 May 2019 RM’000 Value incurred from 15 May 2019 to 31 December 2019 RM’000 Aggregate Value of Transactions during the Financial Year RM’000 4 UEM Edgenta Group TARH Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEM Edgenta is a 69.14% subsidiary of UEMG. TARH is a wholly-owned subsidiary of Khazanah. Provision of consultancy and township management services which includes integrated facilities management (mechanical and electrical (“M&E”), housekeeping, security, estate management, safety & health) and community management to TARH. - - - Provision of services to TARH as follows: - - - (i) pavement, MEE works, utilities relocation and traffic management works; (ii) proposed soil investigation works, instrumentation, material testing, environmental services for hotels and resorts; and/or (iii) buildings and facilities audit exercise at Desaru Adventure Water Park. 5 UEM Edgenta Group UEM Sunrise Group Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEM Edgenta is a 69.14% subsidiary of UEMG. UEM Sunrise is a 66.06% subsidiary of UEMG. Dato’ Noorazman Abd Aziz is a Director of UEM Edgenta and UEM Sunrise. Dato’ Noorazman Abd Aziz does not have any equity interest in UEM Sunrise. Rental of office space in Imperia Tower, Iskandar Puteri, Johor from UEM Sunrise Group. 200 - 200 Recurrent Related Party Transactions