Chemical Company of Malaysia Berhad Annual Report 2018

Notes to the Financial Statements 28. CAPITAL AND OTHER COMMITMENTS Group Company 2018 2017 2018 2017 Capital expenditure commitments Plant and equipment Contracted but not provided for 31,726 22,249 – 43 29. RELATED PARTIES Identity of related parties 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 or jointly 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. Related parties may be individuals or other entities. Related parties also include key management personnel defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. The key management personnel include all the Directors of the Group and certain members of senior management of the Group. The Group has related party relationship with its holding company, significant investors, subsidiaries, associate and key management personnel. Significant related party transactions Related party transactions have been entered into in the normal course of business under negotiated terms. The significant related party transactions of the Group and the Company, other than key management personnel compensation (see Note 30) are shown below. The balances related to the below transactions are shown in Notes 10 and 17. 188 ANNUAL REPORT 2018