Laporan Tahunan Annual Report - DFZ Capital Berhad

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Notes to the Financial Statements (Cont’d) 33. SIGNIFICANT RELATED PARTY TRANSACTIONS 31 December 007 (a) In addition to the transactions detailed elsewhere in the financial statements, the Group and the Company had the following transactions with related parties during the financial year: GROUP COMPANY 2007 2006 2007 2006 RM’000 RM’000 RM’000 RM’000 Car park rental paid to Tenggara Senandung Sdn. Bhd. 76 530 – – Advertisement space rental received from Emas Kerajang Sdn. Bhd. (i) – 4 – – Advertisement space rental paid to Emas Kerajang Sdn. Bhd. (i) 4 4 – – Purchases from Emas Kerajang Sdn. Bhd. 0,140 16,773 – – Purchases from Tenggara Senandung Sdn. Bhd. 40 19 – – Rental payable/paid to ultimate holding company (i) 10,083 10,000 – – Rental receivable/received from Tenggara Senandung Sdn. Bhd. (i) 3,157 3,00 – – Sales to Emas Kerajang Sdn. Bhd. 9,671 9,153 – – Sales to Tenggara Senandung Sdn. Bhd. 48 15 – – Security, maintenance and engineering services receivable/received from Tenggara Senandung Sdn. Bhd. 5 8 5 8 – – Property, plant and equipment transferred to ultimate holding company 10,517 – – – Advances to subsidiaries – – ,3 0 7,501 Repayment to subsidiaries – – 67 – Dividend received from a subsidiary – – 5,580 1,980 (i) Rental income/expenses were made in accordance with prices negotiated between the parties. Information regarding outstanding balances arising from related party transactions as at 31 December 007 are disclosed in Notes 18 and 9. D F Z C A P I T A L B E R H A D (Company No.: 104556-X) (Incorporated in Malaysia) 93
94 Notes to the Financial Statements (Cont’d) 31 December 007 33. SIGNIFICANT RELATED PARTY TRANSACTIONS (CONT’D) (b) Compensation of key management personnel The remuneration of directors and other members of key management during the year was as follows: D F Z C A P I T A L B E R H A D (Company No.: 104556-X) (Incorporated in Malaysia) 2007 2006 RM’000 RM’000 Short-term employee benefits 3,189 3,890 Defined contribution plan 333 3 8 Included in the total key management personnel are: 3,5 4, 18 2007 2006 RM’000 RM’000 Directors’ remuneration (Note 6) 3,370 3,540 34. FINANCIAL INSTRUMENTS (a) Financial risk management objectives and policies The Group’s financial risk management policy seeks to ensure that adequate financial resources are available for the development of the Group’s businesses whilst managing its interest rate risks (both fair value and cash flow), foreign currency risk, liquidity risk and credit risk. The Board reviews and agrees policies for managing each of these risks and they are summarised below. The Group does not trade in derivative financial instruments during the financial year. (b) Interest rate risks Cash flow interest rate risk is the risk that the future cash flows of a financial instrument will fluctuate because of changes in market interest rates. Fair value interest rate risk is the risk that the value of a financial instrument will fluctuate due to changes in market interest rates. As the Group has no significant interest-bearing financial assets, the Group’s income and operating cash flows are substantially independent of changes in market interest rates. The Group’s interest-bearing financial assets are mainly short term in nature and have been mostly placed in fixed deposits. The Group’s interest rate risk arises primarily from interest-bearing borrowings. Borrowings at floating rates expose the Group to cash flow interest rate risk. Borrowings obtained at fixed rates expose the Group to fair value interest rate risk. The Group manages its interest rate exposure by maintaining a mix of fixed and floating rate borrowings.
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DFZ CAPITAL BERHAD (104556-X) Wisma
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Corporate Information BOARD OF DIRE
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4 Location Map D F Z C A P I T A L
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6 Directors’ Profile (Cont’d) W
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8 Managing Director’s Statement O
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10 Penyata Pengarah Urusan Bagi pih
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14 Statement on Corporate Governanc
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0 Additional Compliance Information
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Additional Compliance Information (
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4 Audit Committee Report (Cont’d)
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6 Audit Committee Report (Cont’d)
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8 Corporate Social Responsibility T
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30 Directors’ Report The director
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3 Directors’ Report (Cont’d) DI
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34 Statement by Directors pursuant
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36 Income Statements for the year e
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38 Balance Sheets (Cont’d) as at
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40 Company Statement of Changes in
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Laporan Tahunan Annual Report - DFZ Capital Berhad

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