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190 | S P SETIA BERHAD GROUP | Annual Report 2014

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

41. RELATED PARTY DISCLOSURES (CONT’D)

(a) Significant related party transactions during the financial year are as follows: (cont’d)

Transaction value

Balance outstanding

Group

Company

Group

Company

2014

2013

2014

2013

2014

2013

2014

2013

RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000 RM’000

Restated

Restated

Restated

Restated

Transactions with directors of

subsidiary companies and close

family members of the directors

(cont’d)

Event service fee charged to

Datuk Ong Kek Seng

-

102

-

-

-

-

-

-

Supply and installation of timber roof

and flooring

- Norhayati Binti Subali

-

6

-

-

-

-

-

-

- Yap Kok Weng

-

41

-

-

-

-

-

-

- Datuk Koe Peng Kang

-

48

-

-

-

-

-

-

Transaction with director and former

director of subsidiary companies

Sale of development properties to

- Datuk Koe Peng Kang and

Soo Chan Fai

1,834

-

-

-

-

-

-

-

Transactions with former directors of

subsidiary companies and close

family members of the

former directors

Sale of development properties to

- Soo Chan Fai

-

948

-

-

-

253

-

-

- Hoe Mee Ling

3,486

4,469

-

-

200*

-

-

-

- Hoe Mee Ling and close

family member

1,883

1,769

-

-

-

-

-

-

- Tan Chee Way and close

family member

1,918

-

-

-

-

-

-

-

- Close family member of

Dato’ Ibrahim bin Taib

-

-

-

-

39*

-

-

-

Transactions with a company in which

a close family member of a former

director of the Company has interests

Event service fee charged to

- a company in which a close family

member of Tan Sri Dato’ Sri

Liew Kee Sin has interests

- Eco World Development Sdn Bhd

31

-

-

-

-

-

-

-

- a company in which a close family

member of Tan Sri Dato’ Sri Liew

Kee Sin has interests

- Eco World Project

Management Sdn Bhd

66

-

-

-

-

-

-

-

* The balances outstanding as at 31 October 2014 have been subsequently paid