MSTGOLF Annual Report 2024

191 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD 29. DIVIDENDS (CONT’D) During the financial year, dividends declared and paid by the Group and the Company are as follows (cont’d):- Group and Company 2024 2023 RM’000 RM’000 In respect of financial year ended 31 December 2023 (cont’d) - First interim single tier dividend of RM0.005 per ordinary share declared on 22 November 2023 and paid on 10 January 2024 - 4,104 30. 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 2024 2023 2024 2023 RM ‘000 RM ‘000 RM ‘000 RM ‘000 Management fees received from subsidiaries - - 8,080 9,002 Payment of lease liabilities to a related party 432 408 - - Rental expenses paid to related parties 28 34 - - Rental received from a related party 648 648 - - Dividend paid to holding company 3,263 2,170 3,264 2,170 Purchase of trading goods from a related party 208 320 - - Purchase of cash vouchers from a related party - 30 - - Purchase of computer equipment from a related party 10 - - - Purchase of audio and other equipment from a related party 44 35 - - Loan interest paid to a corporate shareholder of subsidiary 230 - - - Dividend received from subsidiaries - - 7,000 19,198 Interest received from subsidiaries - - 1,312 593 Interest paid to subsidiaries - - - 55 Loan to subsidiaries - - 28,494 44,335 Loan from subsidiaries - - - 34,800

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