MISC Annual Report 2017

MISC BERHAD | Annual Report 2017 150 ADDITIONAL COMPLIANCE INFORMATION A. STATUS OF UTILISATION OF PROCEEDS During the financial year ended 31 December 2017, the Company did not raise any proceeds from corporate proposals. B. AUDIT AND NON-AUDIT FEES (i) The amount of audit fees paid or payable to the external auditors, Messrs. Ernst & Young (EY), for services rendered to the Group and the Company for the financial year ended 31 December 2017 amounted to RM3.948 million and RM0.765 million respectively. (ii) The amount of non-audit fees paid or payable to the external auditors, EY, and their affiliated companies for services rendered to the Group and the Company for the financial year ended 31 December 2017 amounted to RM1.290 million and RM1.060 million respectively. The non-audit services rendered to the Group and the Company includes limited review of quarterly financial results and tax advisory. C. MATERIAL CONTRACTS There were no material contracts entered into by the Company and its subsidiaries which were not in the ordinary course of business, involving the Directors’ and/or major shareholders’ interests, still subsisting at the end of the financial year ended 31 December 2017 or, if not then subsisting, entered into since the end of the previous financial year.