Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 39 SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED) In addition to related party disclosures mentioned elsewhere in the financial statements, set out below are other significant related party transactions. The transactions described below were carried out on agreed terms. Group 2023 2022 RM’000 RM’000 Significant transactions with companies in which a Director of the Company, Dato’ Seri Robert Tan Chung Meng, has interest Rental of premises paid/payable 898 867 Facilities paid/payable 105 61 Significant transactions with an associate Lease rental income of equipment 20,108 - Company 2023 2022 RM’000 RM’000 Significant transactions with subsidiaries Dividend income: - Wasco Process Engineering Sdn. Bhd. (formerly known as Jutasama Sdn. Bhd.) 12,190 17,691 - Petro-Pipe Industrial Corporation Sdn. Bhd. 9,000 4,749 - Petro-Pipe Industries (M) Sdn. Bhd. 112 - Rental income: - Syn Tai Hung Trading Sdn. Bhd. 281 257 265 Wasco Berhad
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