200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 31. Related party disclosures 2024 2023 2024 2023 RM RM RM RM Sales of raw materials to a company related to certain directors 699,340 336,223 - - Purchase of quarry products from joint venture 9,888,551 7,442,892 - - Contract fee from: - a company related to certain directors 25,300,995 6,147,243 - - - joint ventures - 11,241,544 - - Rental of land and building to companies related to certain directors 2,849,236 2,306,331 - - Rental of premise paid to a company related to certain directors 59,000 59,498 - - Rental income from: - a joint venture 2,400 2,400 - - Service fee to: - a subsidiary - - 276,000 276,000 - a joint venture 85,491 77,167 - - - a company related to certain directors - 1,500 - - Landscaping and maintenance service paid to a company related to certain directors 11,750 14,100 - - Hire machinery to a company related to certain directors 660 - - - Interest income from: - subsidiaries - - 5,937,431 4,893,149 - a joint venture 439,628 960,600 - - - an associate company 80,888 - - - Interest expense to: - a corporate shareholder of a subsidiary 331,759 242,720 - - - a corporate shareholder of a former subsidiary 229,262 - - - - a subsidiary - - 1,730,889 1,330,840 Dividend income received from subsidiaries - - 4,000,000 4,000,000 Company Group In addition to the related party information disclosed elsewhere in the financial statements, the following significant transactions between the Group and related parties took place at terms agreed between the parties during the financial year: - 79 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 171 ANNUAL REPORT 2024
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