Page 168 - S P Setia Annual Report 2013
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166 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






41. RelateD PaRtY DiSclOSUReS (cOnt’D)

(a) Signifcant related party transactions during the fnancial year are as follows: (cont’d)
transaction value Balance outstanding
Group company Group company
2013 2012 2013 2012 2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000


Other related party transactions
Security management fee
charged to a body established
under the Trust Deed, Setia
Badminton Academy 115 86 - - 10 8 - -


Rental charged to a body
established under the Trust Deed,
Setia Badminton Academy 120 120 - - - - - -

Car rental charged to
S P Setia Foundation 30 30 - - - - - -


Event service fees charged to
S P Setia Foundation 185 - - - - - - -


transactions with shareholders and Government

Permodalan Nasional Berhad (“PNB”), a government-linked entity, is a shareholder of the Company, with direct shareholding of
48.69% (2012 : 51.41%) and indirect shareholding of of 63.77% (2012 : 69.86%) via Amanah Raya Trustee Berhad (Skim Amanah Saham
Bumiputera). PNB and entities directly controlled by PNB are collectively referred to as government-related entities to the Group and
the Company.
The transactions entered into with these government-linked corporations have been established on terms and conditions that are not
materially different from those obtainable in transactions with unrelated parties.
In addition to the above, on 4 July 2012, the Group had entered into a joint venture arrangement with Sime Darby Berhad Group and
Kwasa Global (Jersey) Limited Group for the development of the Battersea project in London, United Kingdom. Yayasan Pelaburan
Bumiputra has an indirect interest in Sime Darby Berhad Group.
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