Notes to the Financial Statements Registration No. 200301030845 (633265-K) - 120 - 34. Reconciliation of Liabilities Arising from Financing Activities (Cont’d) (i) The financing cash flows include the net amount of proceeds from or repayment of lease liabilities, term loans and subsidiaries in the statements of cash flows. (ii) Others include addition, modification of lease agreement, derecognition arising from termination of lease agreement and deconsolidation of subsidiaries in the statements of cash flows. 35. Related Party Disclosures (a) Identifying related parties For the purposes of these financial statements, parties are considered to be related to the Group if the Group or the Company has the ability, directly or indirectly, to control or joint control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group or the Company and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. Related parties also include key management personnel defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. The key management personnel include all the Directors of the Group and certain members of senior management and chief executive officers of major subsidiaries of the Group. (b) Significant related party transactions Related party transactions have been entered into in the normal course of business under negotiated terms. In addition to the related party balances disclosed elsewhere in the financial statements. 198 DESTINI BERHAD ANNUAL REPORT 2022
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