FINANCIAL REVIEW
- Relationships between 2 (two) companies controlled, directly or indirectly, by the same party; or
- Relationships between the company and the majority shareholders.
Affiliated transactions related to any activity and/or transaction carried out by a public company or controlled company with an Affiliate of a public company or Affiliate of a Member of the Board of Directors, Member of the Board of Commissioners, Majority or Controlling Shareholder, including all activities and/ or transactions carried out by the Public Company or Controlling Company for the benefit of Affiliates of the Public Company or Affiliates of members of the Board of Directors, Members of the Board of Commissioners, Majority or Controlling Shareholders.
In 2021 there were no transactions that met any of the categories of affiliated party transactions.
RELATED PARTY TRANSACTIONS
The Company and its subsidiaries have related party transactions in accordance with the definition described in PSAK 7. These transactions are carried out on terms agreed by both parties, which may not be the same as other transactions made with unrelated parties. Material transactions and balances with related parties are disclosed in Note 45 of the Financial Statements. Unless specifically disclosed as related parties, the other parties mentioned in the notes to the consolidated financial statements are unrelated parties.
