CAHYA MATA SARAWAK ANNUAL REPORT 2016

www.cmsb .com.my Section 06 Governance Cahya Mata Sarawak Berhad 78 1. Utilisation of Proceeds raised from Corporate Proposals There were no proceeds raised by the Company from any corporate proposals during the financial year. 2. Audit and Non-Audit Fees The fees paid/payable to the external auditors, Messrs Ernst & Young for the financial year ended 31 December 2016 are set out below: Company Group RM’000 RM’000 Fees paid/payable to Messrs Ernst & Young and its affiliates • Statutory Audit 150 824 • Non-audit services including tax services 391 764 Total 541 1,588 3. Material Contracts There was no material contract involving Directors and major shareholders, either still subsisting at the end of the financial year ended 31 December 2016 or entered into since the end of the previous financial year. 4. Recurrent Related Party Transactions of a Revenue Nature At the 41 st Annual General Meeting held on 27 April 2016, the Company obtained Shareholders’ Mandate to allow the Company and/or its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature. Details of recurrent related party transactions conducted during the financial year ended 2016 pursuant to the Shareholders’ Mandate are disclosed in Note 39 to the Audited Financial Statements 2016. ADDITIONAL COMPLIANCE INFORMATION