government-related entities are conducted in the ordinary course of the Group’s and of the Company’s businesses on negotiated terms or terms comparable to those with other entities that are not government-related, except otherwise disclosed elsewhere in the financial statements. The Group and the Company are principally involved in the provision of electricity as part of their ordinary operations. These services are carried out generally on commercial terms that are consistently applied to all customers. These transactions have been established on terms and conditions that are not materially different from those obtainable in transactions with unrelated parties. Apart from the individually significant transactions and balances as disclosed elsewhere in the financial statements, the Group and the Company have collectively, but not individually significant transactions with related parties. NOTES TO THEFINANCIAL STATEMENTS 31 December 2023 FINANCIAL STATEMENTS Sec 5 301 43 SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED) In addition to the transactions detailed elsewhere in the financial statements, the Group and the Company had the following significant transactions with the following related parties based on agreed terms during the financial year: Associate companies KMP 2023 RM’million 2022 RM’million 2023 RM’million 2022 RM’million Group Income: - Interest income 64.0 51.2 0 0 - Dividend income 164.8 120.1 0 0 - Leasing income 18.3 19.1 0 0 - Other income 11.8 6.4 0 0 Expenses: - Purchase of electricity (3,794.8) (5,521.1) 0 0 - Finance cost on lease liabilities (224.2) (262.8) 0 0 - Key management compensations: - Salaries, allowances and bonuses 0 0 (21.8) (25.4) - Benefits-in-kind 0 0 (0.4) (0.4) - Defined contribution retirement plan 0 0 (3.5) (3.6) - Other staff benefits 0 0 (2.9) (2.2) - LTIP expense 0 0 (3.7) (5.6) Amounts due from 388.3 659.1 Amounts due to (579.7) (777.6) Investment in unquoted debt security 259.3 253.4 Lease liabilities (4,110.8) (4,787.4) NOTES TO THE FINANCIAL STATEMENTS 31