Fraser & Neave Holdings Bhd Annual Report 2020

129 ANNUAL REPORT 2020 04 governance Pursuant to the MMLR of Bursa Securities, the details of the recurrent related party transactions entered into during the Financial Year 2020 are as follows: Mandated Related Parties Relationship Type of Transaction Actual Value Transacted RM’000 Fraser and Neave, Limited (“F&N Ltd”) Group F&N Ltd is the holding company of F&NHB Purchase of concentrates and/or raw materials from the F&N Ltd Group 157,783 Purchase of finished products from the F&N Ltd Group 11,523 Sale of finished products and/or raw materials to the F&N Ltd Group 269,561 Payment of royalties to the F&N Ltd Group for the use of trademarks, trade names and brand names owned by F&N Ltd 49,477 Payment of fees to the F&N Ltd Group for corporate services, corporate research and development services and technical services 0 Receipt of rental from the F&N Ltd Group 114 Receipt of corporate services fees and staff costs from the F&N Ltd Group 3,211 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 Charoen”) 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 1,201 Sale of finished products to the BJC Group 69,410 Purchase of packaging materials from the BJC Group 16,915 Receipt of logistic services from the BJC Group 10,599 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 2,553 Receipt of tetrapak co-packing services from the ThaiBev Group 2,228 Purchase of raw materials from the ThaiBev Group 2,127 Receipt of marketing services from the ThaiBev Group 20,887 Purchase of finished products from the ThaiBev Group 1,664 Receipt of corporate services from the ThaiBev Group 2,274 Payment of share of profit to/receipt of share of loss ( * ) from the ThaiBev Group arising from the sale of finished products *1,596 Sale of scrap to the ThaiBev Group 379 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 120 Sale of finished products to the FPL Group 70 Payment of rental to the FPL Group 0 Thai Group Holdings Public Company Limited (“Thai Group Holdings”) 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 Payment of insurance premium to the Thai Group Holdings Group 3,192 Lease of assets from the Thai Group Holdings Group 134 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 140 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 307 Sale of finished products to the TCC Corporation Group 28 Purchase of raw materials from the TCC Corporation Group 57,045