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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