2019 UEM Edgenta Annual Report

272 273 UEM EDGENTA AT A GLANCE MESSAGE FROM OUR LEADERSHIP STRATEGIC FOCUS OPERATIONAL REVIEW SUSTAINABILITY EFFORTS CORPORATE GOVERNANCE INTRODUCTION FINANCIAL REVIEW ADDITIONAL INFORMATION UEM Edgenta Berhad Annual Report 2019 Location & Address Description Of Properties Approx. Land Area Gross Built-Up Area (Sq. Meters) Existing Use Land Tenure (Expire Date) Building Approx Age (Years) Net Book Value As At 31.12.2019 (RM’000) Last Date Of Revaluation Or If None: Date of Acquisition INFRASTRUCTURE SERVICES EDGENTA PROPEL BERHAD No. C1-16-08, Block C1 Vista Komanwel, Bukit Jalil 57700 Kuala Lumpur Penthouse (duplex) - 850 Staff accommodation Freehold 6 331 19.4.2013 LMD Dengkil Office Kawasan Rehat dan Rawat, Dengkil KM238, Arah Selatan, Lebuhraya ELITE, 43800 Dengkil, Selangor Office Building and Warehouse Storage - 5,000 Logistic and machinery depot Freehold 14 2,426 1.5.2005 EDGENTA ENVIRONMENTAL & MATERIAL TESTING SDN BHD Suite 4801-1-05, Block 4801 CBD Perdana, Jalan Perdana 63000 Putrajaya Selangor Office building - 175 Office lot Freehold 9 286 07.12.2015 No.3 & No.5, Jalan P18 Kawasan Perindustrian MIEL 43650 Bandar Baru Bangi, Selangor Two adjoining units of one and half storey semi detached factory 0.83 acres 1,303 Laboratory & office building Leasehold (29.09.2086) 29 2,404 07.12.2015 PROPERTY DEVELOPMENT COUNTRY VIEW DEVELOPMENT SDN BHD CL015027237 and CL 015395196 Kota Kinabalu, Sabah Vacant land for development 7.72 acres - Vacant land Leasehold 999 years (2.12.2920 and 20.8.2925) - 477 1.2.2018 Properties held by the Group Recurrent Related Party Transactions The shareholders of UEM Edgenta Berhad (“UEM Edgenta” or “the Company”) had at the 56th Annual General Meeting held on 15 May 2019 granted their approval for the Company and its subsidiary companies (“UEM Edgenta Group”) to enter into recurrent related party transactions of a revenue or trading nature, which are necessary for its day-to-day operations and are in the ordinary course of business in order to comply with Paragraph 10.09 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”). In accordance to Practice Note 12 of the MMLR of Bursa Securities, the details of recurrent related party transactions made during the financial year ended 31 December 2019 pursuant to the shareholders’ mandate are as follows: Item Company in UEM Edgenta Group involved Transacting Party Nature of relationship as at the LPD Nature of transaction Value incurred from 1 January 2019 to 14 May 2019 RM’000 Value incurred from 15 May 2019 to 31 December 2019 RM’000 Aggregate Value of Transactions during the Financial Year RM’000 1 UEM Edgenta Group UEMG Group Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEM Edgenta is a 69.14% subsidiary of UEMG. Dato’ Noorazman Abd Aziz is a Director of UEM Edgenta and UEMG. Dato’ Noorazman Abd Aziz does not have any equity interest in UEMG. Provision of Directors and staff training and development by UEMG Group. 296 41 337 Provision of administrative and audit and tax services by UEMG Group. - 944 944 Rental of office space in Tower 1, Avenue 7, Bangsar South and ancillary facilities from UEMG Group. 2,691 5,381 8,072 Rental of archive store at Taman Desa and ancillary facilities from UEMG Group. 24 177 201 Rental of meeting rooms in Tower 1, Avenue 7, Bangsar South ancillary facilities from UEMG Group. - 2 2 Provision of services to UEMG as follows: (i) proposed provision of vehicle screening services for projects developed; (ii) design and project management fees for projects; (iii) provision for soil investigation, instrumentation, material testing, environmental and pavement condition assessment works for rail projects; and/or (iv) provision of energy management services. 1,679 4,447 6,126 Provision of design to UEMG Group, project management fees and consultancy fees from UEMG Group in relation to development of overseas projects. - - - Rental of training space at UEM Learning Centre, Petaling Jaya from UEMG Group. - 599 599 Payment of annual nomination fee to UEMG Group. - - -