KENANGA ANNUAL REPORT 2019

225 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 36. SIGNIFICANT RELATED PARTY TRANSACTIONS AND BALANCES (CONT’D.) Group Bank 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Transactions (cont’d.) Income earned (cont’d.): Rental of premises: - Subsidiaries - - 1,944 1,887 - Related company 348 247 348 247 Service charge: - Subsidiary - - 267 294 Expenditure incurred: Interest on deposits and placements: - Subsidiaries - - 1,901 1,624 - Key management personnel 21 25 21 25 - Other related company 2,882 2,185 2,882 2,185 - Other related party 1,135 4,640 1,135 4,640 Group support services incurred: - Subsidiary - - 3,101 1,717 Staff training cost: - Subsidiaries - - 147 121 Direct placement cost - Subsidiary - - 902 1,600 Incentive fees - management fees income (WM) - Subsidiary - - 4,194 3,496 Incentive fees - agent (Kenwealth) - Subsidiary - - 2,785 927 Service charge: - Subsidiary - - 1,790 256