2019 UEM Edgenta Annual Report

286 287 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 Recurrent Related Party Transactions 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 49 UEMS Malaysia Khazanah Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEMS Malaysia is a wholly- owned subsidiary of UEMS, which in turn is a 97.46% subsidiary of Edgenta Singapore, which in turn is a wholly-owned subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. Provision of cleansing services at KLCC and KL Sentral to Khazanah. 113 211 324 50 UEMS Solutions Pte Ltd IHH Healthcare Group Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEMS Solutions Pte Ltd is a wholly-owned subsidiary of UEMS, which in turn is a 97.46% subsidiary of Edgenta Singapore, which in turn is a wholly-owned subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. IHH Healthcare is a 26.05% associated company of Pulau Memutik Ventures Sdn Bhd, which in turn is a wholly-owned subsidiary of Khazanah. Provision of housekeeing services at various IHH Healthcare Hospital to IHH Healthcare. 402 1,266 1,668 51 KFM Energy Cenviro Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. KFM Energy is a wholly- owned subsidiary of KFM, which in turn is a 80% subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. Cenviro is a wholly-owned subsidiary of Khazanah. Consultancy for design assesment for submission to Green Building Index for Cenviro. - - - 52 KFM Energy Silterra Malaysia Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. KFM Energy is a wholly- owned subsidiary of KFM, which in turn is a 80% subsidiary of UEM Edgenta, which in turn is a 69.14% subsidiary of UEMG. Silterra Malaysia is a wholly-owned subsidiary of Khazanah. Engineering, procument, installation and commissioning for chillers to Silterra Malaysia. 181 361 542 Provision of Energy Efficiency, Energy and Plant Monitoring services by KFM Energy to Silterra Malaysia. - - - Glossary Abbreviation Full Form ACCA Association of Chartered Certified Accountants ACE Align Collaborate Execute AEMAS ASEAN Energy Management Scheme AGM Annual General Meeting AI Artificial Intelligence ALP Accelerated Leadership Programme ALPINE Asia Leaders Programme in Infrastructure Excellence APFM Association of Property & Facility Managers APHM Association of Private Hospitals, Malaysia APMC Asset Management & Project Management Conference APREA Asia Pacific Real Estate Association AQIF Associate Qualification in Islamic Finance ARC Audit and Risk Committee ASEAN Association of South East Asian Nations B2B Business-to-Business B2B2C Business-to-Business-to-Consumer BCM Business Continuity Management BCP Business Continuity Plan BEA Board Effectiveness Assessment BEM Board of Engineers Malaysia BEMS Biomedical Engineering Maintenance Services BGRC Board Governance and Risk Committee BIM Building Information Modelling Board The Board of Directors BTC Board Tender Committee CBCP Certified Business Continuity Professional CCP Chiller Coefficient of Performance CCP Crisis Communications Plan CEA Council of Estate Agencies CEng Institution of Civil Engineers, United Kingdom CFA Chartered Financial Analyst CFO Chief Financial Officer CG Corporate Governance CIDB Lembaga Pembangunan Industri Pembinaan Malaysia CIIF Chartered Institute of Islamic Finance Professionals CLS Cleansing Services CMP Crisis Management Plan COD Chemical Oxygen Demand Abbreviation Full Form CoE Centre of Excellence COI Conflict of Interest COVID-19 Coronavirus CPA Certified Practicing Accountant CPFM Certified Property and Facility Manager CSCS Construction Skills Certification Scheme CSR Corporate Social Responsibility DAL Discretionary Authority Limits DR Digital Revolution DOSH Department Of Occupational Safety and Health DRP Disaster Recovery Plan EBITDA Earnings Before Interest, Tax, Depreciation and Amortisation EES Economic, Environmental and Social EMGS Energy Management Gold Standard EPC Energy Performance Contracts ERP Enterprise Resource Planning ERP Emergency Response Procedures ESCO Energy Service Company ESH Environmental, Safety & Health ESS Employee Self Service FEMS Facilities Engineering Maintenance Services FY Financial Year GIA Group Internal Audit GIS Geographic Information System GMC General Management Committee GPS Global Positioning System GRI Global Reporting Initiatives HCM Human Capital Management HKS Housekeeping Services HR Human Resource HRD Human Resource Development HSSE Health, Safety, Security & Environment HSWIM High-Speed Weigh–In–Motion HVAC Heating, Ventilation and Air Conditioning HWMS Healthcare Waste Management Services IAD Internal Audit Department IBFIM Islamic Banking & Finance Institute Malaysia ICE Institution of Civil Engineers IFRS International Financial Reporting Standards IGEM 2019 International Greentech & Eco Products Exhibition and Conference Malaysia 2019 IIA Institute of Internal Auditors IIRC International Integrated Reporting Council IoT Internet of Things IPPF International Professional Practice Framework