YNH PROPERTY BHD (Company No: 561986-V)
Annual
Report
2009
NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2009 (cont'd)
35. Related party transactions
(a) Transactions with non-group enterprises
Non-group enterprises are considered to be related parties where the directors have control over the financial
and operating decisions of the enterprises or where the directors have significant financial interest. Dato' Dr. Yu
Kuan Chon, DIMP, PPT, MBBS and Dato' Yu Kuan Huat, DPMP, PMP, AMP, PPT are directors/members of the
enterprises listed below which had the following transactions with the Group:
Amount
2009
2008
Related party
Transactions
RM
RM
Kar Sin Hardware Sdn Bhd
Rental of equipment and
transportation payable
3,260,467
2,599,744
N.A.B. Holdings Sdn Bhd
Rental of equipment and
transportation payable
258,960
258,960
Kar Sin Ready Mix Sdn Bhd
Purchase of construction materials
1,393,263
2,373,092
Rental of property
108,000
108,000
(b) Transactions with persons connected with Dato' Dr. Yu Kuan Chon, DIMP, PPT, MBBS and Dato' Yu Kuan
Huat, DPMP, PMP, AMP, PPT
Amount
2009
2008
Related party
Transactions
RM
RM
Yu Chong Choo
Sales of property
756,250
-
Yu Chuan Choo
Sales of property
581,250
-
Yu Chon Lan
Sales of property
3,446,750
-
Legal fee payable
2,395,155
2,794,976
(c) Transactions with directors
Other than directors' remuneration disclosed in Note 8 to the financial statements and the Corporate Governance
Statement, the directors had the following transactions with the Group:
Amount
2009
2008
Directors
Transactions
RM
RM
Dato' Yu Kuan Huat, DPMP, PMP, AMP, PPT
Sale of properties
2,979,100
2,377,666
Sale of properties
2,039,700
2,166,640
Dato' Dr. Yu Kuan Chon, DIMP, PPT, MBBS
Dato' Yu Kuan Huat, DPMP, PMP, AMP, PPT
Sale of properties
Yu Chong Hua (joint buyer)
Yu Chong Choo (joint buyer)
-
17,232,000
Dato' Dr. Yu Kuan Chon, DIMP, PPT, MBBS
Sale of properties
Yu Choon Geok (joint buyer)
Yu Chon Moy (joint buyer)
-
17,232,000
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