Connecting the nation. and Beyond. - ChartNexus

242 / MRCB annual report 2011 /
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2011
42 CASH AND CASH EQUIVALENTS
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Deposits, cash and bank balances (Note 30) 616,188 795,004 192,432 330,345
Less: Cash and bank balances and fixed
deposits held as security value (Note 30) (245,112) (307,730) (24,551) (15,635)
43 RELATED PARTY DISCLOSURES
371,076 487,274 167,881 314,710
The related parties with whom the Group and the Company transacted with during the financial year include the
following:
Related parties Nature of relationship
Sistem Televisyen Malaysia A subsidiary of Media Prima Berhad (MPB) , which is deemed to be related by virtue of
Berhad (STMB) Dato’ Shahril Ridza Ridzuan being common Director of both MPB and the Company.
The New Straits Times Press An associate of MPB, which is deemed to be related by virtue of Dato’ Shahril Ridza
(Malaysia) Berhad (NSTP) Ridzuan being common Director of MPB, NSTP and the Company.
Kumpulan Wang Simpanan Shareholders of the Company, which is deemed to be related by virtue of Tan Sri Azlan
Berhad (KWSP) Mohd Zainol and Dato’ Shahril Ridza Ridzuan being common Board members of both
KWSP and the Company.
The related party transactions were carried out based on terms and conditions negotiated and agreed upon between the
parties. The significant related party transactions other than mentioned elsewhere in the financial statements are as follows:
(a) Transactions with related parties
Group Company
2011 2010 2011 2010
RM’000 RM’000 RM’000 RM’000
Rental income from STMB 1,356 1,238 1,356 1,238
Purchase of advertisement from NSTP and STMB 51 122 2 13
Management fees from subsidiaries – – 23,546 24,782
Provision of building maintenance services to KWSP 3,659 3,639 – –
Provision of security services to KWSP – 194 – –