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187
Maxis Berhad
Annual Report 2014
Notes to the
Financial Statements
31 December 2014
36 RELATED PARTIES (CONTINUED)
Group
Transaction value
Balance outstanding
Commitments
Total balance outstanding,
including commitments
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Purchases of goods and services from:
(continued)
- SRG Asia Pacific Sdn. Bhd.
(6)
(call handling and telemarketing
services)
19,024
26,323
(2,708)
(5,957)
-
-
(2,708)
(5,957)
- Getit Infoservices Private Limited
Group
(1)
(purchase of data (Business
Listings))
-
5,500
1
(3,160)
-
-
1
(3,160)
- UMTS (Malaysia) Sdn. Bhd.
(7)
(usage of 3G spectrum)
43,633
42,236
29,300
(3,686)
-
-
29,300
(3,686)
Notes:
The Group has entered into the above related party transactions with parties whose relationships are set out below.
Usaha Tegas Sdn. Bhd. (“UTSB”), STC and Harapan Nusantara Sdn. Bhd. are parties related to the Company, by virtue of having
joint control over BGSM, pursuant to a shareholders’ agreement in relation to BGSM. BGSM wholly-owns MCB which in turn is the
penultimate holding company of the Company.
The ultimate holding company of UTSB is PanOcean Management Limited (“PanOcean”). PanOcean is the trustee of a discretionary
trust, the beneficiaries of which are members of the family of Ananda Krishnan Tatparanandam (“TAK”) and foundations including
those for charitable purposes. Although PanOcean and TAK are deemed to have an interest in the shares of the Company through
UTSB’s deemed interest in BGSM and MCB, they do not have any economic or beneficial interest in such shares, as such interest
is held subject to the terms of such discretionary trust.
(1)
Subsidiary of a joint venture of UTSB
(2)
A major shareholder of BGSM, as described above
(3)
Subsidiary of a company in which TAK has a 99% direct equity interest
(4)
Subsidiary of MCB
(5)
Subsidiary of UTSB
(6)
Subsidiary of a company whereby a person connected to TAK has a deemed equity interest
(7)
Subsidiary of the Company and associate of a joint venture of UTSB. The transaction values and outstanding balances are
eliminated in the consolidated financial statements
