37. RELATED PARTIES Identities of related parties For the purposes of these financial statements, parties are considered to be related to the Group if the Group or the Company has the ability, directly or indirectly, to control or jointly control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group or the Company and the parties are subject to common control. Related parties may be individuals or other entities. Related parties also include key management personnel defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. The key management personnel include all the Directors of the Group and certain members of senior management of the Group. The significant related party transactions of the Group and of the Company are as follows: Group Company 1.7.2021 to 30.6.2022 RM’000 1.1.2020 to 30.6.2021 RM’000 1.7.2021 to 30.6.2022 RM’000 1.1.2020 to 30.6.2021 RM’000 Subsidiary companies Dividend income – – 19,050 – Management fee income – – 17,655 26,050 Purchase of other products and services – – (624) (886) Other related parties* Purchase of IT products and services (217) (441) – – *The related parties and the Group are subject to common significant influence. 303 DNeX INTEGRATED REPORT 2022
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