Dagang NeXchange Berhad Annual Report 2018

34. RELATED PARTIES (CONTINUED) Identities of related parties (continued) The significant related party transactions of the Group and of the Company are as follows: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Subsidiary companies Management fee income - - 15,283 14,922 Dividend income - - 11,542 39,238 Purchase of IT products and services - - (29) (25) Purchase of other products - - (217) - Other related parties* Secondment of manpower (727) 161 - - Training contract charged (385) - - - Advisory fee (194) - - - Payroll processing fee (95) - - - Management fee income 145 - - - Sales of IT products 13 - - - * The related parties and the Group are subject to common significant influence. The terms and conditions for the above transactions are based on negotiated basis. Significant related party balances of the Group and of the Company are disclosed in Note 13. Other key management personnel comprise persons other than the Directors of Group entities, having authority and responsibility for planning, directing and controlling the activities of the entity either directly or indirectly. In addition to their salaries, the Group also voluntarily provided additional Employees Provident Fund (EPF) contributions over the statutory requirement for a significant number of employees. 177 Annual Report 2018 Notes to the Financial Statements (CONTINUED) FINANCIAL STATEMENTS