NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 21. Significant related party transactions (cont’d) Significant related party charges/(credits) other than those disclosed in Note 4 are as follows: Group Fund 2021 2020 2021 2020 RM RM RM RM Manager’s fee 1,845,342 1,837,356 1,845,342 1,837,356 Maintenance fee 1,010,176 1,012,400 1,010,176 1,012,400 Other income (532,000) (532,000) (532,000) (532,000) Other income relates to the compensation received from Selangor Medical Centre Sdn Bhd for loss of opportunity and annual loss of potential income due to the deferment for the transfer of a Physician Consultant Building to the Fund. The related party transactions described above were entered into in the normal course of business and are based on negotiated and mutually agreed terms. 22. Operating leases - Group as lessor The Group and the Fund lease out their investment properties under operating leases. The future minimum lease receivable under non-cancellable leases are as follows: Group Fund 2021 2020 2021 2020 RM RM RM RM Less than one year 115,451,639 92,333,647 109,723,524 80,897,143 Between one and five years 446,089,551 193,428,006 422,480,505 159,118,494 561,541,190 285,761,653 532,204,029 240,015,637 23. Financial risk management objectives and policies The Group and the Fund are exposed to financial risks arising from their operations and the use of financial instruments. The key financial risks include credit risk, liquidity risk, financing rate risk and foreign currency risk. The Group and the Fund have taken measures to minimise their exposure to risks associated with their financing, investing and operating activities and operate within clearly defined guidelines as set out in the SC Guidelines. The following sections provide details regarding the Group’s and the Fund’s exposure to the abovementioned financial risks and the objectives, policies and procedures for the management of these risks: GOVERNANCE STRUCTURE FINANCIAL REPORTS 189 AN PO STRATEGIC PERFORMANCE CORPORATE OVERVIEW THE DRIVING FORCES SUSTAINABILITY STATEMENT
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