Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 126 29. Related Party Disclosure (cont’d) (a) Identifying related parties (cont’d) Related parties also include key management personnel defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. The key management personnel comprise the Directors and management personnel of the Group, having authority and responsibility for planning, directing and controlling the activities of the Group entities directly or indirectly. (b) Significant related party transactions 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. Related party transactions have been entered into in the normal course of business under negotiated terms. In addition to the related party balances as disclosed in Notes 12, 19 and 20, the significant related party transactions of the Group are as follows: Group 2017 2016 RM RM Transactions with the related party Rental of premises 111,600 111,600 (c) Compensation of key management personnel Included in key management personnel of the Group are the Directors of the Company and their remuneration as disclosed in Note 27. NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2017 (cont’d)