35. LEASES (CONT’D.) (b) Lease liabilities Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 At 1 January 8,699 6,855 733 1,217 Additions 3,287 6,118 996 567 Accretion of interest (Note 8) 446 415 43 59 Payments (3,599) (4,689) (840) (1,110) At 31 December 8,833 8,699 932 733 Represented by: Current 3,224 2,573 588 450 Non-current 5,609 6,126 344 283 8,833 8,699 932 733 Maturities of lease liabilities: Not later than 1 year 3,224 2,573 588 450 Later than 1 year and not later than 5 years 3,808 4,325 344 283 More than 5 years 1,801 1,801 – – 8,833 8,699 932 733 36. BIOLOGICAL ASSETS Timber Fish Total RM’000 RM’000 RM’000 Group At 1 January 2021 – 219 219 Acquisition of subsidiaries 1,469 – 1,469 Additions – 45 45 Write off (Note 9) – (185) (185) Fair value loss on biological asset (Note 9) – (62) (62) At 31 December 2021 1,469 17 1,486 At 1 January 2020 – – – Additions – 219 219 At 31 December 2020 – 219 219 36. BIOLOGICAL ASSETS (CONT’D.) 2021 2020 RM’000 RM’000 Represented by: Current 17 219 Non-current 1,469 – 1,486 219 37. SIGNIFICANT RELATED PARTY TRANSACTIONS In addition to the related party information disclosed elsewhere in the financial statements, the following significant transactions between the Group and the related parties took place at terms agreed between the parties during the financial year: (a) Transactions with subsidiaries 2021 2020 RM’000 RM’000 Company Dividend income from subsidiaries (Note 4) 21,754 35,750 Management fees from subsidiaries (Note 4) 20,475 20,529 Finance income on amounts due from subsidiaries (Note 7) 120,721 67,511 Management fees charged by a subsidiary (Note 9) (7,589) (7,898) Finance costs on amounts due to subsidiaries (Note 8) (52,305) (36,152) (b) Transactions with entities related to Tan Sri Dato’ Tan Chee Sing (Major shareholder of the Company) 2021 2020 RM’000 RM’000 Group Rental income receivable/received 6,282 13,201 COVID-19-related rent concessions (5,975) – Security charges receivable/received 121 129 Utilities charges receivable/received 112 209 Transportation cost payable/paid (675) (718) Entertainment expenses payable/paid (172) (12) Gift expense payable/paid (1,129) (893) Recruitment expenses payable/paid (26) – Marketing expenses payable/paid (830) (1,107) Company Transportation cost payable/paid (675) (718) Entertainment expenses payable/paid (151) (12) Gift expense payable/paid (1,059) (840) FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 328 329
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