2019 UEM Edgenta Annual Report

240 241 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION Notes to the Financial Statements For the year ended 31 December 2019 Notes to the Financial Statements For the year ended 31 December 2019 UEM Edgenta Berhad Annual Report 2019 40. RELATED PARTY DISCLOSURES (a) Sale and purchase of goods and services In addition to the transactions and balances detailed elsewhere in the financial statements, the Group and the Company had the following significant transactions at terms agreed between the related parties during the financial year: Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Income received/receivable from Management fees from subsidiaries - - (76,860) (61,493) Asset consultancy services fees received from: - immediate holding company (5,615) (17,906) - - - related companies (46,370) (45,558) - - - associates (52,186) (16,152) - - Infrastructure maintenance fees received from: - immediate holding company - (620) - - - related companies (850,269) (766,201) - - Facilities management fees received from: - immediate holding company (70) (159) - - - related companies (69,421) (92,151) - - - associates - (37,000) - - License and commission fees received from an associate (1,718) (1,500) - - Rental received from a subsidiary - - (8,037) (3,104) Expenses paid/payable to Management fee expense to immediate holding company 944 4,000 944 4,000 Rendering of services by: - immediate holding company 10,337 10,657 51 283 - a subsidiary - - 612 - - related companies 11,115 14,876 - - - non-controlling shareholder of a subsidiary 3,467 3,835 - - - associates 18,714 11,647 - - Rental paid to: - immediate holding company 599 - 599 - - related company 8,275 7,634 7,808 912 - a subsidiary - - 558 - Other Deferred consideration paid to non-controlling shareholder of a subsidiary 461 - 461 - All other significant intercompany transactions have been disclosed in Note 21 and 31. 40. RELATED PARTY DISCLOSURES (CONT’D.) (b) Compensation of key management personnel Key management personnel is defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group, directly or indirectly including any directors. Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Salaries and other emoluments 9,189 11,996 6,090 5,223 Contributions to defined contribution plans 1,042 627 741 491 10,231 12,623 6,831 5,714 Included in total key management personnel compensation are: Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Directors’ remuneration excluding benefits-in-kind (Note 9) 3,113 2,635 3,069 2,500