ANNUAL REPORT 2014
91
NOTES TO THE
FINANCIAL STATEMENTS
30. Capital and other commitments
Group
2014
2013
RM’000
RM’000
Property, plant and equipment
Contracted but not provided for
36,457
10,809
Authorised but not contracted for
48,621
36,701
31. Related parties
Identity of related parties
For the purposes of these financial statements, parties are considered to be related to the Group if the Group
or the Company has the ability, directly or indirectly, to control or jointly control the party or exercise significant
influence over the party in making financial and operating decisions, or vice versa, or where the Group or the
Company and the party are subject to common control. 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 Group either directly or indirectly. Key
management personnel includes all the Directors of the Group, and certain members of senior management of
the Group.
Controlling related party relationships are as follows:
i)
The subsidiaries as disclosed in Note 32.
ii)
The substantial shareholders of the Company are Tan Chong Consolidated Sdn. Bhd. (“TCC”) and
Wealthmark Holdings Sdn. Bhd. (“WH”). TCC and WH are also substantial shareholders of Warisan TC
Holdings Berhad Group (“WTCH Group”). TCC is also a substantial shareholder of Tan Chong Motor
Holdings Berhad Group (“TCMH Group”) and Tan Chong International Limited Group (“TCIL Group”).
The Director of the Company, Dato’ Tan Heng Chew is deemed interested in the shares held by TCC and WH by
virtue of Section 6A of the Companies Act, 1965.
For the purpose of related parties transactions and balances disclosure, the Group and the Company treat TCC
as the ultimate controlling shareholder.
