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Notes to the Financial StatementsFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 200947. LIST OF ASSOCIATES (CONTINUED)All associates have co-terminous financial year end with the Company except MTCE with financial year ended on20 March and Idea with financial year end on 31 March.* The Company held directly 24.42% equity interest in Samart I-Mobile Public Company Limited (“SIM”).^Idea Cellular Limited was reclassified from investment to associate as disclosed in Note 27 to the financial statementsduring the financial year.48. RELATED PARTY TRANSACTIONSAll related party transactions were entered into in the normal course of business and at prices available to third partiesor at negotiated terms. The name of these related parties, nature of these transactions and their total value have beenset out in accordance with the provisions of FRS 124: “Related Party Disclosure”.The nature of transactions and relationship with related parties are as follows:Nature of therelationship withRelated Parties related parties Nature of transactionsM1 Associate International roaming revenue and chargesSacofa Associate Sales of prepaid cards, leaseline, charges, maintenance fees andothersCelcom Subsidiary Dividend and technical and management servicesDialog Subsidiary Technical and management servicesAXB Subsidiary Technical and management servicesSamart Associate Dividends and technical and management servicesSIM Associate DividendsTMIL Subsidiary AdvancesTMIM Subsidiary AdvancesTMI India Subsidiary AdvancesSunShare Subsidiary AdvancesAxiata Group Berhad • 282