Page 184 - S P Setia Annual Report 2016
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182   S P Setia Berhad Group
                Annual Report 2016




          Notes To The Financial Statements

          For The Financial Year Ended 31 December 2016

          37.   RELATED PARTY DISCLOSURES

              The following significant related party transactions took place at terms agreed between the parties during the financial year/period:

              (a)   Significant related party transactions during the financial year/period are as follows:

                                                  Transaction value                       Balance outstanding
                                           Group               Company              Group              Company
                                       1.1.2016  1.11.2014  1.1.2016  1.11.2014
                                            to         to        to        to
                                      31.12.2016  31.12.2015  31.12.2016  31.12.2015  2016   2015      2016      2015
                                        RM’000    RM’000    RM’000    RM’000    RM’000     RM’000    RM’000    RM’000
                   Transactions
                     with subsidiary
                     companies

                   Interest received and
                     receivable             -          -    80,346    112,404        -         -      71,472   163,414
                   Interest paid and
                     payable                -          -     6,705      1,458        -         -          -         -
                   Management fee
                     received and
                     receivable             -          -         -         -         -         -          -     16,143
                   Event service fee
                     received and
                     receivable             -          -        24        22         -         -          -         -
                   Staff secondment
                     fee received and
                     receivable             -          -     9,007     10,404        -         -      1,986      5,965
                   Rental paid and
                     payable                -          -         -         6         -         -          -         -
                   Transactions with
                     jointly controlled
                     entities
                   Management fee
                     received and
                     receivable          6,066     22,153        -         -      1,040    20,840         -         -
                   Management fee paid
                     and payable          240        280         -         -        20       280          -         -
                   Construction services
                     rendered          231,255    132,317        -         -    175,452    73,754         -         -
                   Interest received and
                     receivable         22,174     10,146     7,601     7,426    20,547     9,445     17,038     9,437
                   Rental received and
                     receivable            735      1,352        -         -        70        352         -         -
                   Staff secondment fee
                     paid and payable     350      1,090         -         -        32        36          -         -
                   Event service fee paid
                     and payable           122       160         -         -         -         16         -         -
                   Advertisement fee
                     paid and payable      138         -         -         -         2         -          -         -
                   Group marketing fee
                     paid and payable      10        225         -         -       363         -          -         -
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