ENRA Group Berhad Annual Report 2019

128 ENRA GROUP BERHAD ∞ Annual Report 2019 page Notes to the Financial Statement 31 March 2019 39. RELATED PARTY DISCLOSURES (a) Identities of related parties 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 decisions, 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. Related parties of the Group include: (i) Direct and indirect subsidiaries as disclosed in Note 7 to the financial statements; (ii) Key management personnel, which comprises persons (including the Directors of the Company) having authority and responsibility for planning, directing and controlling the activities of the Group directly or indirectly; and (iii) Company in which a Director is also a Director of the Company. (b) Significant related party transactions and balances In addition to the transactions and balances detailed elsewhere in the financial statements, the Company had the following transactions with related parties during the financial year: Company 2019 RM’000 2018 RM’000 Subsidiaries: Interest income 3,152 2,485 Dividend income 34,366 15,033 Rental income 11 99 Interest expense - (295) Management fees 2,900 2,876 The related party transactions described above were carried out on terms and conditions mutually agreed with the respective parties. Balances of the above related parties are disclosed in Notes 13 and 22 to the financial statements. (c) Key management personnel are those persons having the authority and responsibility for planning, directing and controlling the activities of the entity, directly and indirectly, including any Director (whether executive or otherwise) of the Group and of the Company. The remunerations of Directors of the Company during the financial year were as follows: Group/Company 2019 RM’000 2018 RM’000 Fees 372 427 Salaries 1,872 1,872 Other emoluments 796 934 3,040 3,233