Serba Dinamik Annual Report 2019

312 2019 ANNUAL REPORT FINANCIAL STATEMENTS SERBA DINAMIK HOLDINGS BERHAD 31. RELATED PARTIES (CONTINUED) Significant related party transactions Significant related party transactions, other than compensations paid to key management personnel (see Note 25) and those disclosed elsewhere in the financial statements, are as follows: Transactions with companies/corporations inwhich certain Directors have or are deemed to have substantial interests Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Nature of transactions Contractor charges 750 12,827 - - Professional service charges 5,264 4,377 - - Revenue from operation and maintenance ( 16) ( 6,610) - - ========= ========= ======== ======== Transactions with associates Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Nature of transactions Revenue from engineering, procurement, construction and commissioning project ( 6,192) ( 67) - - Contract revenue ( 139,231) ( 84,472) - - ========= ========= ======== ======== The balances with associate and subsidiaries are disclosed in Notes 12 and 20 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. 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 S