annual report - Tenaga Nasional Berhad

Statement Of Corporate Governance(7) Variation in ResultsThe Company did not issue any profit forecast for the Financial Year ended 31 August 2008. As such, no commentaryis made on variation in results.(8) Profit GuaranteeThe Company did not issue any profit guarantee for the Financial Year ended 31 August 2008.(9) Material ContractsThere were no material contracts entered into by the Company and/or its subsidiaries involving directors and majorshareholders’ interest, either subsisting as at 31 August 2008 or entered into since the end of the previous Financial Yearended 31 August 2007.(10) Revaluation PolicyThe revaluation policy of the Company in relation to its landed properties is set out in Note 2(f) of the Notes to theFinancial Statements set out on pages 190 to 191 of this Annual Report.(11) Recurrent Related Party Transactions of Revenue or Trading NatureAt the Seventeenth Annual General Meeting of TNB which was held on 13 December 2007, the shareholders hadapproved and ratified all recurrent related party transaction (RRPT) of a revenue or trading nature, which are necessaryfor the day-to-day operations of the Group, entered into by the Group with certain classes of related parties from14 December 2007 until the forthcoming AGM. In accordance with paragraph 4.1.5 of Practice Note 12/2001 of theListing Requirements, a breakdown of the aggregate value of the recurrent transactions together with the type of therecurrent transactions, the related parties involved and the nature of their relationship with TNB in each type of therecurrent transaction made during the Financial Year are tabulated below:-RENEWAL OF SHAREHOLDERS’ MANDATE FOR RRPT OF A REVENUE OR TRADING NATURETransactingCompany inTNB GroupPersonsConnectedto MajorShareholder(Related PartiesInvolved)InterestedMajorShareholderNature of RelationshipNature ofRecurrentTransactionsAggregate Value(RM) of theTransaction duringthe validity of theMandate[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]TNBBangsar EnergySystem Sdn.Bhd.PutrajayaHoldingsSdn. Bhd.TelekomMalaysia BerhadKhazanahNasionalBerhadKhazanahNasionalBerhadKhazanah Nasional Berhadbeing a Major Shareholderof TNB has 15.59% interestin Putrajaya Holdings Sdn.Bhd., making the latterperson connected to theMajor Shareholder.Khazanah Nasional Berhadbeing a Major Shareholderof TNB has 41.78% interestin Telekom MalaysiaBerhad, making the latterperson connected to theMajor Shareholder.Payment ofoffice rentalCapacity andEnergy Services1,203,094.8010,848,501.00136