Bursa Malaysia • Annual Report 2013
159
Financial Reports
33. Significant related party disclosures (cont’d.)
(b) Transactions with other related parties
Significant transactions between the Group and the Company and other related parties are as follows:
Group
Company
2013
2012
2013
2012
RM’000
RM’000
RM’000
RM’000
Administration fee income from BMSB - CF,
a fund managed by the Company
158
935
158
935
Administration fee income from BMDB - FF,
a fund managed by a subsidiary
20
120
-
-
The Group and the Company will no longer earn administration fees as the functions and funds of BMSB - CF and BMDB - FF were transferred to CMC
during the financial year, as disclosed in Note 30(a).
The Directors are of the opinion that the above transactions have been established on terms and conditions that are not materially different from those
obtainable in transactions with unrelated parties.
Certain Directors are also directors of stockbroking companies and banks. The transactions entered into with these stockbroking companies and banks
have been established on terms and conditions that are not materially different from those obtainable in transactions with unrelated parties.
Government-linked and other entities are related to the Company by virtue of the substantial shareholdings of the Minister of Finance (Incorporated)
in the Company. The transactions entered into with these entities have been established on terms and conditions that are not materially different from
those obtainable in transactions with unrelated parties.
(c) Compensation of key management personnel
Key management personnel refers to the management committee of the Group. The remuneration of key management personnel during the financial
year was as follows:
Group and Company
2013
2012
RM’000
RM’000
Short-term employee benefits
9,364
9,062
Contributions to defined contribution plan - EPF
1,047
1,018
Shares granted under SGP
2,460
2,066
12,871
12,146
Notes to the Financial Statements
31 December 2013
