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137

FIMA CORPORATION BERHAD

(21185-P) |

Annual Report

2016

NOTES TO THE FINANCIAL

STATEMENTS 31 MARCH 2016

(contd.)

31. COMMITMENTS

Group

Company

2016

2015

2016

2015

RM’000

RM’000

RM’000

RM’000

Capital expenditure:

Approved but not contracted for:

Property, plant and equipment

16,927

11,718

385

290

Approved and contracted for:

Property, plant and equipment

1,882

9,391

-

1

18,809

21,109

385

291

Share of capital commitments of

associated companies:

Approved but not contracted for:

Property, plant and equipment

6,696

39

-

-

Approved and contracted for:

Property, plant and equipment

2

-

-

-

32. RELATED PARTY DISCLOSURES

(a) Related Party Transactions

In addition to the transactions detailed elsewhere in the financial statements, the Group and the

Company had the following transactions with related parties during the financial year.

2016

2015

RM’000

RM’000

Group

Kumpulan Fima Berhad, penultimate holding company

- Rental income receivable

749

666

- Management fees/services payable

(364)

(85)

Fellow subsidiaries:

Fima Instanco Sdn Bhd

- Rental income receivable

120

120

Related by virtue of having common director/(s) of the Company:

Nationwide Express Courier Services Berhad

- Purchases made

(344)

(131)

- Rental income receivable

78

78