APM AUTOMOTIVE HOLDINGS BERHAD
92
NOTES TO THE
FINANCIAL STATEMENTS
31. Related parties (continued)
Identity of related parties (continued)
Significant related party transactions with TCMH, WTCH and TCIL Groups are as follows:
Group
Company
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
With TCMH Group
Sales
52,823
111,280
-
-
Purchases
(8,262)
(7,497)
-
-
Administrative and consultancy services
(1,267)
(1,282)
-
(19)
Insurance
(2,239)
(2,903)
(51)
(13)
Rental expenses
(10)
(11)
-
-
Rental income
2,806
1,824
-
-
With WTCH Group
Sales
3
27
-
-
Administrative and consultancy services
(2,192)
(2,266)
-
-
Rental income
68
-
-
-
Rental expenses
(898)
(1,053)
-
-
With TCIL Group
Sales
66,937
73,837
-
-
Provision of consultancy services
123
1,095
-
-
These transactions have been entered into in the normal course of business and have been established under
30-60 days trade credit term.
All of the above outstanding balances are expected to be settled in cash by the related parties.
The outstanding net amounts due from/(to) related parties are disclosed in Note 13 and Note 20 respectively.
There are no allowances for impairment losses made and no bad or doubtful receivables recognised for the
financial year ended 31 December 2014 and 31 December 2013 in respect of related parties balances.
