MSTGOLF Integrated Annual Report 2023

SECTION 4: FINANCIAL PERFORMANCE 204Registration No: 199301009307 (264044-M) 66 28. RELATED PARTY DISCLOSURES (a) Significant related party transactions The significant related party transactions of the Group and of the Company are shown below:- Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Management fees received from subsidiaries - - 9,003 6,114 Payment of lease liabilities to a related party 408 408 - - Rental expenses paid to related parties 34 30 - - Rental received from a related party 648 648 - - Dividend paid to holding company 2,170 8,095 2,170 8,095 Purchase of trading goods from a related party 320 - - - Purchase of cash vouchers from a related party 30 - - - Purchase of audio and other equipment from a related party 35 - - - Dividend received from subsidiaries - - 19,198 16,905 Interest received from subsidiaries - - 593 181 Interest paid to subsidiaries - - 55 1 Loan to subsidiaries - - 44,335 12,850 Loan from subsidiaries - - 34,800 2,400 (b) The outstanding balances arising from related party transactions as at the reporting date are disclosed in Notes 12 and 17 to the financial statements.

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