UEM EDGENTA BERHAD ANNUAL REPORT 2021 1 2 3 4 5 6 7 279 278 NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS 34. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES (CONTD.) Included in profit or loss of the Group and the Company: Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Expense relating to leases of short term leases (Note 7) 5,570 3,624 643 489 Expense relating to leases of low-value assets (Note 7) 5,353 370 45 109 10,923 3,994 688 598 35. CAPITAL COMMITMENTS Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Capital expenditure Approved and contracted for purchase of - intangible assets - 624 - 153 - property, plant and equipment 10,794 7,724 216 477 Approved but not contracted for purchase of - intangible assets 10,523 14,698 5,770 11,520 - property, plant and equipment 71,824 74,715 1,558 4,819 36. PERFORMANCE BONDS AND GUARANTEES 2021 RM’000 2020 RM’000 Secured: Performance bond extended to Government of Malaysia in respect of security for the due performance of the Hospital Support Services Concession Agreement dated 28 October 1996 (Note 27(d)) 20,048 21,166 Bank guarantee issued to authorities 7,792 1,523 Bank guarantees and performance bonds issued to others 120,516 119,307 148,356 141,996 36. PERFORMANCE BONDS AND GUARANTEES (CONTD.) Group 2021 RM’000 2020 RM’000 Unsecured: Bank guarantees extended to third parties - trade related 19,803 21,855 As at the reporting date, no values are ascribed on these guarantees provided by the Group for the purpose described above as the directors regard the value of the credit enhancement provided by these guarantees as minimal and the probability of default, based on historical track records of the parties receiving the guarantees are not probable. 37. RELATED PARTY DISCLOSURES (a) Sale and purchase of goods and services In addition to the transactions and balances detailed elsewhere in the financial statements, the Group and the Company had the following significant transactions at terms agreed between the related parties during the financial year: Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Income received/receivable from Management fees from subsidiaries - - (82,458) (79,428) Asset consultancy services fees received from: - immediate holding company (79) (617) - - - related companies (24,952) (26,062) - - - associates (41,518) (47,813) - - Infrastructure maintenance fees received from: - related companies (501,431) (450,867) - -
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