246 F INANC IAL Statements 05 Sect ion Ranhi ll Ut i l i t i es Berhad NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 41. SIGNIFICANT RELATED PARTIES DISCLOSURES In addition to related parties disclosures mentioned elsewhere in the financial statements, set out below are other significant related parties transactions. The related parties and their relationship with the Group are as follows: (a) Transactions with related parties The related parties and their relationship with the Group are as follows: Related parties Relationship Sabah Energy Corporation Sdn. Bhd. A major shareholder of RPI, RPII, RPOM and RPOMII Ranhill Berhad Common director and substantial shareholder Ranhill Consulting Sdn. Bhd. An associate of Ranhill Bersekutu Sdn. Bhd. Motorpark Academy GmbH Sponsorship with corporation in relation to a person connected with a Director Ranhill Consulting (Sarawak) Sdn. Bhd. An associate of Ranhill Bersekutu Sdn. Bhd. Perunding Ranhill Worley Sdn. Bhd. Common director and substantial shareholder. (As disclosed in Note 20(d), PRW became a subsidiary of the Group on 19 August 2022). Worley Engineering Pty. Ltd. A major shareholder of a subsidiary, Ranhill Worley Sdn. Bhd. Ranhill Group Sdn. Bhd. Common director and indirect substantial shareholder Group 2022 RM’000 2021 RM’000 (i) Work performed on infrastructure assets and consultancy fees charged by: - Ranhill Consulting Sdn. Bhd. (2,237) (3,159) (ii) Sponsorship paid to: - Motorpark Academy GmbH - (1,237) (iii) Borrowings and interest payable to: - Sabah Energy Corporation Sdn. Bhd. (1,000) (1,300) (iv) Secondment of staff to: - Ranhill Berhad (885) (1,015) (v) Project expenses paid to: - Ranhill Berhad (4,455) (759) (vi) Engineering services rendered to/(from): - Ranhill Consulting Sdn. Bhd. 20,798 4,222 - Ranhill Consulting (Sarawak) Sdn. Bhd. 280 16 - Worley Engineering Pty. Ltd’s subsidiaries and associates (17,515) (5,963) - Perunding Ranhill Worley Sdn. Bhd. 77,436 58,969
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