Annual Report 2019

226 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED Notes to the Consolidated Financial Statements For the year ended 31 December 2019 43. RELATED PARTY TRANSACTIONS (CONTINUED) (a) Balances and transactions with associates and joint ventures of the Group and with CMG, its subsidiaries, associates and joint ventures (collectively referred to as the “CMG Group”) Note 2019 2018 HK$’million HK$’million Rental income from (i) – immediate holding company 3 3 – fellow subsidiaries 49 26 – joint ventures 6 — Interest expenses on lease liabilities (i) – fellow subsidiaries 3 — Expenses relating to short-term leases (i) – fellow subsidiaries 3 — Operating lease expenses made to (i) – fellow subsidiaries N/A 105 – associates N/A 33 – a joint venture N/A 1 Service income from (ii) – an intermediate holding company 2 2 – fellow subsidiaries 69 95 – associates 33 43 – joint ventures 85 105 – related parties 18 27 Service fees paid to (iii) – fellow subsidiaries 68 81 – associates 19 23 – joint ventures 21 18 – a related party 1 — Interest income from – a fellow subsidiary (iv) 8 17 – associates (v) 2 3 – a joint venture (v) 71 41 – a related party (v) 21 61 Interest expenses and upfront fees paid to – an intermediate holding company (vi) — 5 – immediate holding company (vi) 1 — – a fellow subsidiary (vi) 33 52 – an associate (vi) 8 29