MKH Annual Report 2020

211 MKH BERHAD 37. COMMITMENTS (a) Capital Commitments As at the reporting date, the Group has the following capital commitments: The Group 2020 RM 2019 RM Approved and contracted for 16,299,446 29,570,593 Approved and not contracted for 10,576,422 4,863,934 26,875,868 34,434,527 (b) Operating Lease Commitments As at the reporting date, future minimum lease payments under non-cancellable operating leases are payable as follows: The Group 2020 RM 2019 RM Not later than one year - 1,329,139 Later than one year but not later than five years - 2,355,500 Later than five years - 68,375,002 - 72,059,641 38. RELATED PARTY DISCLOSURES (a) Identity of related parties For the purposes of these financial statements, parties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decision, or vice versa, or where the Group and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. The Group has a related party relationship with its subsidiaries, associates and key management personnel. Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2020