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Asia Media Group Berhad
►
Annual Report 2015
Notes to the Financial Statements
(continued)
pg.
114
22. Cash and cash equivalents
Group
Company
2015
2014
2015
2014
RM
RM
RM
RM
Cash in hand and at bank
13,431,852 16,261,276
5,943
5,781
Deposits with licensed bank
–
182,864
–
–
Less: Deposits pledged for
bank guarantee facilities
– (182,864)
–
–
–
–
–
–
13,431,852 16,261,276
5,943
5,781
23. Significant related party disclosures
For the purposes of these financial statements, parties are considered to be related to the
Company if the Company has the ability, directly or indirectly, to control the party or exercise
significant influence over the party in making financial and operating decisions, or vice versa,
or where the Company and the party are subject to common control or common significant
influence. Related parties may be individuals or other entities.
Related parties also include key management personnel defined as those persons having
authority and responsibility for planning, directing and controlling the activities of the Company
directly, or indirectly. The key management personnel include all the Directors of the Company,
and certain members of senior management of the Company.
The related party and its relationship with the Group are as follows:
Name of related party Relationship
Peakmax Sdn. Bhd.
A company in which Dato’ Wong Shee Kai and Teh Sew Wan are
also Directors and shareholders.