38. RELATED PARTIES (continued) Related party transactions Related party transactions are entered into in the normal course of business and have been established under negotiated terms. From time to time, substantial shareholders and key management personnel of the Group, and parties directly/jointly-controlled by them, may receive services from or sell services to the Group. Other than government-controlled entities and as disclosed elsewhere in the financial statements, significant transactions carried out on terms agreed with related parties are as follows: Group 2023 2022 RM’000 RM’000 With substantial shareholders* Sales and provision of services 539 456 Purchases and consumption of services (23,340) (12,607) With associates and joint ventures Sales and provision of services 8,553 8,020 Rental income 2,868 3,184 Purchases and consumption of services (10,418) (9,569) With key management personnel* Sales and provision of services 8,649 4,613 Purchases and consumption of services (120,084) (74,628) Company 2023 2022 RM’000 RM’000 With subsidiaries Share-based payment transactions 4,487 1,966 Rental expense (1,164) (1,707) * Including parties directly/jointly-controlled by substantial shareholders or key management personnel. Annual Report 2023 225
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