Ni Hsin Berhad Annual Report 2018

27. Related parties (continued) Significant related party transactions Related party transactions have been entered into in the normal course of business under normal trade terms. The significant related party transactions of the Group and the Company are as follows: Transaction Balance value for year outstanding ended 31 December as at 31 December 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Company Dividend income from subsidiaries - (500) - - Management fees from subsidiaries (240) (240) - - Administration fee paid on behalf of subsidiary 137 171 - - Group Related parties: Standardworld Holding Ltd. Marketing fee -* 701 -* (116) Sun New Stainless Steel Industry Ltd. Sales -* (2,569) -* 112 Purchases -* 89 -* - Everpro Sdn. Bhd. Sales -* (3,294) -* 560 Rental income receivable -* (228) -* - I.D.M. Creative Development Co. Ltd. Sales -* (634) -* 2 Purchases -* 419 -* - Buffalo GSB Sdn. Bhd. Sales -* (2) -* - Buffalo Cookware Australia Pty. Ltd. Sales -* (358) -* 51 * These parties cease to be related parties to the Group during the year. The key management personnel compensations are as follows: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Directors: - Fees 550 365 320 215 - Remuneration 953 1,053 - - - Other short term employee benefits (including estimated monetary value of benefits-in-kind) 24 32 - - 1,527 1,450 320 215 Notes to the financial statements (continued) Annual Report 2018 98