Fraser & Neave Holdings Bhd Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 04 Governance 119 Mandated Related Parties Relationship Type of Transaction Actual Value Transacted RM’000 Berli Jucker Public Company Limited (“BJC”) Group BJC’s ultimate parent company is TCC Corporation Limited, which in turn is under the control of Y.Bhg. Tan Sri Charoen Sirivadhanabhakdi (“Tan Sri Chareon”) and Y.Bhg. Puan Sri Wanna Sirivadhanabhakdi (“Puan Sri Wanna”), the ultimate major shareholders of ThaiBev and the Company. Hence, the BJC Group is deemed a person connected to the said ultimate major shareholders Purchase of raw materials from the BJC Group 1,265 Payment of network monitoring & professional fees to the BJC Group 149 Sale of finished products to the BJC Group 68,099 Purchase of packaging materials from the BJC Group 18,965 Receipt of logistic services from the BJC Group 10,254 Thai Beverage Public Company Limited (“ThaiBev”) Group ThaiBev is deemed a major shareholder of the Company by virtue of its indirect substantial interest in F&N Ltd held through its indirect wholly owned subsidiary, InterBev Investment Limited Sale of finished products to the ThaiBev Group 1,747 Receipt of tetrapak co-packing services from the ThaiBev Group 540 Purchase of raw materials from the ThaiBev Group 2,281 Receipt of marketing services from the ThaiBev Group 18,223 Purchase of finished products from the ThaiBev Group 24 Receipt of corporate services from the ThaiBev Group 1,999 Payment of share of profit to/*receipt of share of loss from the ThaiBev Group arising from the sale of finished products 483 * Frasers Property Limited (“FPL”) Group FPL’s major shareholder is TCC Assets Limited, which in turn is under the control of Tan Sri Charoen and Puan Sri Wanna, the ultimate major shareholders of ThaiBev and the Company. Hence, the FPL Group is deemed a person connected to the said ultimate major shareholders Receipt of corporate services fees and staff costs from the FPL Group 130 Thai Group Holdings Public Company Limited (“Thai Group Holdings”) Group (including companies previously under the Southeast Group Co. Ltd. (“Southeast”) Group) Thai Group Holdings’s major shareholders are Tan Sri Charoen and Puan Sri Wanna, the ultimate major shareholders of ThaiBev and the Company. Hence, the Thai Group Holdings Group is a person connected to the said ultimate major shareholders ( Note: The entire business of Southeast was transferred to Thai Group Holdings in July 2019) Payment of insurance premium to the Thai Group Holdings Group 3,093 Lease of assets from the Thai Group Holdings Group 115 TCC Land Co. Ltd. (“TCC Land”) Group TCC Land is under the control of Tan Sri Charoen and Puan Sri Wanna, the ultimate major shareholders of ThaiBev and the Company. Hence, the TCC Land Group is a person connected to the said ultimate major shareholders Sale of finished goods to the TCC Land Group 241 TCC Corporation Limited (“TCC Corporation”) Group TCC Corporation is under the control of Tan Sri Charoen and Puan Sri Wanna, the ultimate major shareholders of ThaiBev and the Company. Hence, the TCC Corporation Group is a person connected to the said ultimate major shareholders Payment of management fees to the TCC Corporation Group 2,026 Sale of finished products to the TCC Corporation Group 41 Purchase of raw materials from the TCC Corporation Group 42,925 Receipt of marketing services from the TCC Corporation Group 0 Univentures Public Company Limited (“Univentures”) Group Univentures’s major shareholder is Adelfos Company Limited, which in turn is under the control of children of Tan Sri Charoen and Puan Sri Wanna, the ultimate major shareholders of ThaiBev and the Company. Hence, the Univentures Group is deemed a person connected to the said ultimate major shareholders Sale of finished products and/or raw materials to the Univentures Group 0