Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 123 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 14. TRADE RECEIVABLES, OTHER RECEIVABLES, DEPOSITS AND PREPAID EXPENSES (CONT’D) The said amount, which arises mainly from trade transactions, is unsecured, interest-free and repayable on demand. The amount owing is to be settled in cash. The related parties and their relationships with the Group are as follows: Name of related parties Relationship A & I Engine Rebuilders Sdn. Bhd. A company in which Sia Chiok Meng, a director of a subsidiary, is also a director and has a financial interest. AMT Engineering Sdn. Bhd. A company in which Sia Chiok Meng, a director of a subsidiary, is also a director and has a financial interest. Tenaga-Tech (M) Sdn. Bhd. A company in which Mohd Shukri Bin Hitam and Fauziah Binti Hamlawi, directors of a subsidiary, are also directors and have financial interest. Transactions undertaken with related parties during the financial year are as follows: The Group 2023 2022 RM RM A & I Engine Rebuilders Sdn. Bhd. Sales 47,290 34,955 AMT Engineering Sdn. Bhd. Sales 26,195 35,969 Purchases 1,196 1,230 Rental expense 144,000 144,000 Tenaga-Tech (M) Sdn. Bhd. Sales 40,274 4,280 Purchases 74,417 165,762 Director of a subsidiary Rental expense 120,000 120,000
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