TAN CHONG MOTOR HOLDINGS BERHAD
Annual Report 2014
107
NOTES TO THE FINANCIAL STATEMENTS
32. Related parties (continued)
(ii) Significant transactions with Nissan Motor Co., Ltd. Group, which is a substantial shareholder of the Company, are
as follows:
Group
2014
2013
RM’000
RM’000
Purchases
(1,526,313)
(2,115,094)
Sales
3,848
6,083
Technical assistance fee and royalty
(24,201)
(33,183)
These transactions have been entered into in the normal course of business and have been established under
negotiated terms.
(iii) Significant transactions with Renault s.a.s. Group, which is a substantial shareholder of Nissan Motor Co., Ltd.,
are as follows:
Group
2014
2013
RM’000
RM’000
Purchases
(47,702)
(5,533)
Technical assistance fee
(4,349)
-
These transactions have been entered into in the normal course of business and have been established under
negotiated terms.
(iv) Significant transactions with Auto Dunia Sdn. Bhd.:
(a) a company in which Directors of the subsidiaries of the Company, namely Azman bin Badrillah and Dato’
Syed Alwi bin Tun Syed Nasir, have substantial financial interests; and
(b) a company connected with a Director of the Company, Dato’ Tan Heng Chew, by virtue of Section 122A of
the Companies Act, 1965.
Group
2014
2013
RM’000
RM’000
Purchases
(260,266)
(340,282)
Sales
33,813
39,814
Insurance agency, workshop services and administrative services
17
-
Rental income receivable
209
208
Rental expense payable
(146)
(584)
These transactions have been entered into in the normal course of business and have been established
under negotiated terms.
