KENANGA ANNUAL REPORT 2020

234 5 1 2 3 4 6 7 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS 31 December 2020 36. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES (CONT’D.) Group Bank 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Transactions (cont’d.) Income earned (cont’d.): Group support services charged: - Subsidiaries - - 5,995 5,221 - Related company - - 84 - Rental of premises: - Subsidiaries - - 1,724 1,944 - Related company 348 348 348 348 Referral and cost sharing fees: - Subsidiary - - 575 267 Expenditure incurred: Interest on deposits and placements: - Subsidiaries - - 1,609 1,901 - Key management personnel 15 21 15 21 - Other related company 2,982 2,882 2,982 2,882 - Other related party 177 1,135 177 1,135 Interest on debt securities products: - Subsidiary - - 7,906 3,101 Staff training cost: - Subsidiaries - - 137 147 Direct placement cost - Subsidiary - - 2,385 902 Management fees expenses - Subsidiary - - 15 - Performance fees expenses - Subsidiary - - 306 -