Page 222 - MSM_AR2020

CHAIRMAN’S DELIVERING MSM MANAGEMENT DISCUSSION GROUP FINANCIAL
STATEMENT VALUE OVERVIEW & ANALYSIS REPORT

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020

35 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED)

(b) Significant financial year end balances are as follows: (continued)
Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000

Loans due from subsidiaries, net of repayments:
- MSM Perlis - - - 36,610
- MSM Johor - - 1,002,053 1,023,088
220 - - 1,002,053 1,059,698

Loans due to a subsidiary, net of repayments:
MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020
- MSM Prai - - (128,856) (94,758)
(c) Key management personnel remuneration

Key management personnel comprise Directors and senior management and above of the Group, having authority and
responsibility for planning, directing and controlling the activities of the Group either directly or indirectly.
The aggregate amount of emoluments received/receivable by Directors of the Group during the year is disclosed in
Note 12 to the financial statements.
The aggregate amount of emoluments received/receivable by other key management personnel of the Group and
Company during the year is as follows:
Group Company
2020 2019 2020 2019
RM’000 RM’000 RM’000 RM’000
Salary, allowances and bonuses 7,413 7,001 4,924 4,135
Defined contribution plan 1,231 1,270 812 750
Other employee benefits 750 389 204 340

Total 9,394 8,660 5,940 5,225

Benefits-in-kind provided to other key management personnel of the Group and of the Company amounted to RM18,177
(2019: RM22,860) and RM18,177 (2019: RM19,360) respectively.