Change - S P Setia Berhad
Change - S P Setia Berhad
Change - S P Setia Berhad
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
134<br />
Annual report 2008<br />
NOTES TO THE FINANCIAL STATEMENTS<br />
FOR THE YEAR ENDED 31 OCTOBER 2008<br />
46. RELATED PARTY DISCLOSURES (cont’d)<br />
(a)<br />
Significant related party transactions during the financial year are as follows: (cont’d)<br />
Transactions with associated<br />
companies<br />
------------- Transaction value ------------- ------------- Balance outstanding -------------<br />
Group Company Group Company<br />
2008 2007 2008 2007 2008 2007 2008 2007<br />
RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000<br />
Construction services rendered 29,477 40,745 – – 9,871 22,267 – –<br />
Security services rendered 569 415 – – 62 49 – –<br />
Project management and<br />
administrative fee received<br />
and receivable 6,829 5,880 – – 1,091 452 – –<br />
Rental received 32 357 – – – – – –<br />
Marketing expenses charged 369 259 – – – 152 – –<br />
Rental paid 307 – – – – – – –<br />
Sale of building materials 7,373 – – – 2,236 – – –<br />
Sale of development property<br />
from an associated company<br />
to Gateway<br />
Attempt Sdn Bhd, a company<br />
in which Dato’ Leong Kok<br />
Wah, a director of the<br />
Company, has financial interest – – – – – 19 – –<br />
Sale of development properties<br />
from an associated company<br />
to directors of the Company<br />
and closed family members<br />
of the directors<br />
– Tan Sri Abdul Rashid Bin<br />
Abdul Manaf 6,137 – – – 2,455 – – –<br />
– Khor Chap Jen 1,434 – – – – – – –<br />
– Dato’ Voon Tin Yow 1,098 – – – – – – –<br />
– Chang Khim Wah 1,639 – – – 819 – – –<br />
Sale of development properties<br />
from an associated company<br />
to directors of subsidiary<br />
companies<br />
– Kow Choong Ming 2,433 1,140 – – 1,829 1 – –<br />
– Koe Peng Kang 5,120 – – – 290 – – –
Change language