ENRA Group Berhad Annual Report 2020

ENRA Group Berhad - Annual Report 2020 127 NOTES TO THE FINANCIAL STATEMENTS 31 March 2020 38. 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 2020 RM’000 2019 RM’000 Subsidiaries: Interest income 2,189 3,152 Dividend income 10,800 34,366 Rental income - 11 Management fees 2,964 2,900 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 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.