Serba Dinamik Annual Report 2018

274 ANNUAL REPORT 2018 SERBA DINAMIK HOLDINGS BERHAD N O T E S T O T H E F I N A N C I A L S TAT E M E N T 29. Related parties (continued) Identity of related parties (continued) The Group and the Group or the Company has related party relationships with its significant investors, subsidiaries, associate and key management personnel. Significant related party transactions Significant related party transactions, other than compensations paid to key management personnel (see Note 23) and those disclosed elsewhere in the financial statements, are as follows: Transactions with companies/corporations in which certain Directors have or are deemed to have substantial interests Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Nature of transactions Contractor charges 12,827 8,101 - - Professional service charges 4,377 9,333 - - Revenue from operation and maintenance ( 6,610) ( 3,999) - - ======== ======== ======== ======== Transactions with associates Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Nature of transactions Revenue from engineering, procurement, construction and commissioning project ( 67) ( 53,332) - - Contract revenue ( 84,472) ( 42,906) - - ======== ======== ======== ======== The balances with associate and subsidiaries are disclosed in Notes 11 and 18 to the financial statements. The above transactions are based on negotiated terms. All the outstanding balances are unsecured and expected to be settled in cash.