Kimlun Corporation Berhad Annual Report 2021

200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 31. Related party disclosures 2021 2020 2021 2020 RM RM RM RM Sales of raw materials to a company related to certain directors 140,340 26,652 - - Purchase of raw materials from a company related to certain directors 15,565 258,042 - - Contract fee from: - a company related to certain directors 4,667,754 2,295,711 - - - joint ventures 295,180,492 205,079,246 - - Rental of land and building paid to companies related to certain directors 2,008,011 1,854,857 - - Rental of premise paid to a company related to certain directors 14,494 14,480 - - Rental income from a company related to certain directors 13,800 - - - Landscaping and maintenance service paid to a company related to certain directors 14,690 17,840 - - Disposal of property, plant and equipment to a joint venture 2,480,000 - - - Interest income from: - subsidiaries - - 1,457,807 616,320 - joint venture 142,086 - - - Interest expense paid to: - a corporate shareholder 254,597 - - - of a subsidiary - joint ventures 158,568 128,322 - - - a subsidiary - - 142,119 - Dividend income from subsidiaries - - 13,520,000 17,342,000 Company Group In addition to the related party information disclosed elsewhere in the financial statements, the following significant transactions between the Group and related parties took place at terms agreed between the parties during the financial year: - 88 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 Annual Repor t 2021 148

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