39. RELATED PARTY DISCLOSURES (a) Sale and purchase of 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 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Income received/receivable from Management fees from subsidiaries – – 22,748 82,458 Asset consultancy services fees received from: – immediate holding company – 79 – – – related companies 25,636 24,952 – – – associates 44,547 41,518 – – Infrastructure maintenance fees received from: – related companies 653,065 501,431 – – Facilities management fees received from: – related companies 79,895 89,283 – – License and commission fees received from an associate 1,197 1,844 – – Rental received from: – a subsidiary – – 9,821 6,162 – an associate 147 147 – – Expenses paid/payable to Rendering of services by: – immediate holding company (10,000) (10,000) – – – a subsidiary – – (17,138) (1,167) – related companies (5,389) (3,143) – – – associates (11,665) (9,937) – – Rental paid to: – immediate holding company (1,373) (1,373) (1,373) (1,373) – related company (9,219) (6,480) (9,219) (6,480) – a subsidiary – – (515) (515) Deferred consideration paid to non-controlling shareholder of a subsidiary – 2,910 – 2,910 All other significant intercompany transactions have been disclosed in Note 22 and 36. 39. RELATED PARTY DISCLOSURES (CONTD.) (a) Sale and purchase of services (contd.) Related parties referred to: – subsidiaries, associates and joint venture of the Company and their subsidiaries; – Khazanah Nasional Berhad, the ultimate holding Company, its subsidiaries and associates excluding subsidiaries of the Company; – those companies controlled, jointly controlled and significantly influenced by the Government of Malaysia, other than those mentioned above; – directors and key management personnel having authority and representation for planning, directing and controlling the activities of the Company and their close family members; – enterprises owned by directors and key management personnel; and – enterprises that have a member of key management in common with the Company. The directors are of the opinion that all the transactions above have been entered into in the normal course of the business and have been established on mutually agreed terms and conditions. (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 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Salaries and other emoluments 14,258 15,849 1,779 3,646 Contributions to defined contribution plans 1,419 1,366 237 507 15,677 17,215 2,016 4,153 Included in total key management personnel compensation are: Group Company 2022 RM’000 2021 RM’000 2022 RM’000 2021 RM’000 Directors’ remuneration excluding benefits-in-kind (Note 9) 2,713 2,641 1,791 2,641 p.354 p.355 UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 1 2 3 4 5 6 7 8 9 FINANCIAL STATEMENTS Notes to the financial statements For the year ended 31 December 2022 Notes to the financial statements For the year ended 31 December 2022
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