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Axiata Group Berhad | Annual Report 2016
FINANCIAL STATEMENTS
246
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016
43. RELATED PARTY TRANSACTIONS (CONTINUED)
Key management personnel are the persons who have authority and responsibility for planning, directing and controlling the activities of the Group
or the Company either directly or indirectly. Key management personnel of the Group and the Company include the Senior Leadership Team who
report directly to the Group Chief Executive Officer.
Whenever exist, related party transactions also includes transaction with entities that are controlled, joint ventures or significantly influenced
directly by any key management personnel or their close family members.
In addition to related party transactions and balances mentioned elsewhere in the financial statements, set out below are significant related party
transactions and balances which were carried out on terms and conditions negotiated amongst the related parties.
Group
Company
2016
RM’000
2015
RM’000
2016
RM’000
2015
RM’000
(a) Sale of goods and services:
Associates:
- International roaming revenue
14,312
13,635
-
-
- Telecommunication services
258,946
233,222
-
-
273,258
246,857
-
-
Joint ventures:
- Telecommunication services
406,285
611,463
-
-
(b) Purchase of goods and services:
Associates:
- Interconnection charges
11,751
13,979
-
-
- Leaseline charges, maintenance and others
69,220
63,799
-
-
80,971
77,778
-
-
Joint ventures:
- Revenue sharing
96,815
220,898
-
-
(c) Intercompany service agreement with subsidiaries:
- Technical and management services
-
-
47,435
48,142
(d) Dividends received from subsidiaries/associates
-
-
1,002,403
1,101,406
(e) Repayments from/(advances to) subsidiaries
- Advances
-
-
(2,593,067)
(175,430)
- Repayments
-
-
186,692
86,576
(f) Interest income/(expense) on advances (from)/to subsidiaries
- Interest income
-
-
10,657
47,006
- Interest expense
-
-
(24,701)
(24,819)
The outstanding balances as at reporting date are disclosed in Note 27 and Note 32 to the financial statements.