326 YINSON HOLDINGS BERHAD ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 37. Significant related party disclosures 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 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 or common significant influence. Related parties may be individuals or other entities. Key management personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. (a) 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 related parties took place at terms agreed between the parties during the financial year: Group Company 2022 2021 2022 2021 RM million RM million RM million RM million Joint ventures: - dividend income 47 17 47 17 - interest income - 4 - - - management fee income 13 11 - - - finance lease income 2 2 - - - advances paid - (21) - - - repayment of advances 27 99 - - Subsidiaries: - advances received - - 20 98 - management fee income - - 13 23 - interest income - - 3 7 - dividend income - - 125 220 (b) Related party balances Related party balances have been disclosed in Notes 24 and 35 to the financial statements. (c) Compensation to key management personnel Key management personnel of the Group and of the Company are made up of directors of the Group and the Company. Information of compensation to directors is disclosed in Note 11.
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