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Annual Report 2017
193
Notes to the
financial statements
31 march 2017
33. Employee benefits (cont’d.)
(b) RSGS
The following table illustrates the movements of shares vested under the RSGS during the financial year:
Movement of shares under the RSGS during the financial year
Group
2017
2016
No.
No.
Outstanding at 1 April 2016/2015
-
-
Granted
190,000
188,000
Vested
(190,000)
(188,000)
Outstanding at 31 March
-
-
The vesting of the RSGS shares is conditional upon the satisfaction of the performance targets of the Group and all other
conditions as set out in the ESS Bye-Laws.
34. Related party disclosures
(a) Significant related party transactions
In addition to the transactions detailed elsewhere in the financial statements, the Group and the Company had the
following transactions with related parties during the financial year.
(Income)/expense
2017
2016
RM’000
RM’000
Group
(a)
Transaction with companies connected to directors and substantial shareholders:
- Rental charges
(78)
(78)
- Purchase of products
(6,029)
(5,003)
- Service renderred
314
457
Company
(a)
Transaction with corporate shareholder:
- Advisory services
120
120
(b)
Transaction with subsidiaries:
- Dividend income from subsidiaries
(52,317)
(52,889)
- Management fees from subsidiaries
(1,069)
(696)
- Interest charged to subsidiaries
(9,482)
(7,328)
- Interest charged by a subsidiary
189
-
- Rental charges
761
761
- Sales of fish
18,119
25,242