Chemical Company of Malaysia Berhad Annual Report 2019

29. Key management personnel compensation Group Company 2019 2018 2019 2018 Directors:  - Fees 796 770 769 641  - Remuneration 1,395 1,183 1,395 1,182  - Other short-term employee benefits (including  estimated monetary value of benefits-in-kind) 54 58 54 58 2,245 2,011 2,218 1,881 Other key management personnel:  - Remuneration 3,771 3,405 1,931 1,844  - Other short-term employee benefits (including  estimated monetary value of benefits-in-kind) 87 133 52 67 3,858 3,538 1,983 1,911 Other key management personnel comprise of certain members of senior management of Group entities, having authority and responsibility for planning, directing and controlling the activities of the Group entities either directly or indirectly. 30. Significant changes in accounting policies During the year, the Group and the Company adopted: 30.1MFRS 16, Leases Definition of a lease On transition to MFRS 16, the Group elected to apply the practical expedient to grandfather the assessment of which transactions are leases. It applied MFRS 16 only to contracts that were previously identified as leases. Contracts that were not identified as leases under MFRS 117 and IC Interpretations 4, Determining whether an Arrangement contains a Lease were not reassessed. Therefore, the definition of a lease under MFRS 16 has been applied only to contracts entered into or changed on or after 1 January 2019. As a lessee Where the Group and the Company are a lessee, the Group and the Company applied the requirements of MFRS 16 using the modified retrospective approach. BUSINESS OVERVIEW OTHER INFORMATION GOVERNANCE STRUCTURE 207 ANNUAL REPORT 2019 FINANCIAL STATEMENTS