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CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020
35 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED)
(a) Significant transactions with related parties (continued)
Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
(iv) Transaction with D’Saji
- provision of refreshment 7 70 7 70
(v) Transaction with FELDA
218 - rental 409 653 409 653
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
(vi) Transaction with Felda Engineering
- installation and construction of utilities building 865 5,792 - -
(vii) Transactions with subsidiaries:
Dividends received from:
- MSM Prai (75,000) (27,270)
- MSM Trading International - (16,448
Interest received/receivable from:
- MSM Perlis (815) (2,188)
- MSM Johor (35,606) (55,116)
Interest paid/payable to:
- MSM Prai (4,120) (3,440)
Management fees from:
- MSM Prai (8,040) (8,040)
- MSM Perlis (1,860) (1,860)
- MSM Logistics (182) (182)
- MSM Johor (4,020) (4,020)
Office rental from:
- MSM Johor (35) (61)
- MSM Prai (203) (316)
- MSM Logistic (7) (10)
Land rental from:
- MSM Johor (2,167) (1,796)
Loan modification recharge payable/(receivable)
from MSM Johor 11,695 (26,818)
Lease interest recharge receivable from MSM Johor (1,053) (1,066)
These transactions were undertaken on agreed terms between the related parties.