NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (CONT’D) 40. RELATED PARTY DISCLOSURES (a) Subsidiaries The subsidiaries are disclosed in Note 5 to the financial statements. (b) Significant Related Party Transactions and Balances O ther than those disclosed elsewhere in the financial statements, the Group and the Company also carried out the following significant transactions with the related parties during the financial year:- THE GROUP THE COMPANY 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Subsidiaries Dividend income – – (200,020) (120,000) Interest income – – (43,480) (42,154) Interest expenses – – 9,184 5,430 Person connected to directors of the Company and of certain subsidiary companies Rental paid 166 141 – – Purchase of marketing materials 348 476 – – Corporations connected to directors of the Company and of certain subsidiary companies Consultancy services 1,171 2,881 – – Purchases of building materials and sub-contract charges 50,817 29,675 – – Rental paid 254 253 – – Petrol charges 5 – – – T he significant outstanding balances of the related parties (including the allowance for impairment loss made) together with their terms and conditions are disclosed in the respective notes to the financial statements. FINANCIAL STATEMENTS MATRIX CONCEPTS HOLDINGS BERHAD 200
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