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Notes to the financial statements
31 December 2014
Bursa Malaysia
•
Annual Report 2014
156
34. 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
2014
2013
2014
2013
RM’000
RM’000
RM’000
RM’000
Administration fee income from Bursa Malaysia Securities Berhad
- Compensation Fund (BMSB - CF), a fund previously managed
by the Company
-
158
-
158
Administration fee income from Bursa Malaysia Derivatives Berhad
- Fidelity Fund (BMDB - FF), a fund previously managed by a
subsidiary
-
20
-
-
With effect from the previous financial year, the Group and the Company no longer earn administration fees as the functions and funds of BMSB - CF and
BMDB - FF were transferred to the Capital Market Compensation Fund Corporation.
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
2014
2013
RM’000
RM’000
Short term employee benefits
9,940
9,364
Contributions to defined contribution plan - EPF
1,106
1,047
Shares granted under SGP
2,954
2,460
14,000
12,871