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192 | 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 between jointly

controlled entities and former

directors of the Company and of

subsidiary companies

Sale of development properties to

a) Former Directors of the Company

- Dato’ Teow Leong Seng

-

3,250

-

-

-

-

-

-

- Tan Sri Lee LamThye

-

2,997

-

-

-

-

-

-

b) Former Directors of subsidiary

companies

- Hoe Mee Ling

-

2,962

-

-

-

-

-

-

- Tan Chee Way

-

2,410

-

-

-

-

-

-

- Tan Sri Dato’ Tee Tiam Lee

-

3,553

-

-

-

-

-

-

c) Companies in which Former Director

of the Company has financial interest

- Tan Sri Dato’ Sri Liew Kee Sin

- Gold Concorde Capital Ltd

-

42,476

-

-

-

-

-

-

- Tan Sri Dato’ Sri Liew Kee Sin

- Premier Etoile Group Ltd

-

62,437

-

-

-

-

-

-

Transaction between jointly controlled

entities and a company in which a

close family member of the former

director of the Company has interests

- Sale of development properties to a

company in which a close family

member of Tan Sri Dato’ Sri Liew

Kee Sin has interests

- GoldTrocadero Investments Ltd

-

48,007

-

-

-

-

-

-

Transaction between jointly controlled

entities and close family members of

the former director of the Company

- Sale of development properties to

close family members of Tan Sri

Dato’ Sri Liew Kee Sin

-

16,174

-

-

-

-

-

-