MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS MISC BERHAD | Annual Report 2017 264 32. RELATED PARTY DISCLOSURES (CONT'D.) Group Corporation 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 (a) Income from fellow subsidiaries Freight and charter hire revenue 2,463,667 3,135,565 702,578 765,884 Forwarding charges - 8,458 - - Warehouse service - 26,840 - - Haulage service - 53,575 - - Fabrication service 263,648 230,118 - - Offshore, maintenance and manpower service 114,128 99,075 46,466 8,393 Marine and consultancy services 15,006 20,584 - - Sungai Udang Port management 16,910 23,443 - - (b) Purchase from fellow subsidiaries Purchase of bunkers, lubricants, spare parts and other materials (72,593) (109,234) (14,194) (38,990) Purchase of service for rental of premises (24,978) (27,066) (23,634) (25,824) Fees for representation in the Board of Directors* (202) (208) (202) (208) (c) Management fee from subsidiaries Fees for representation in the Board of Directors** - - 499 182 * Fees paid directly to PETRONAS in respect of directors who are appointees of the holding company. ** Fees received from subsidiaries in respect of directors who are appointees of the Corporation.