MISC BERHAD - Annual Report 2014 p 266 30. Related party disclosures (cont’d.) (h) Compensation of key management personnel Key management personnel are defined as persons having authority and responsibility for planning, directing and controlling the activities of the Group and of the Corporation, directly or indirectly, including any director of the Group and of the Corporation. The remuneration of directors and other members of key management during the financial year were as follows: Group Group 2014 2013 2014 2013 RM’000 RM’000 RM’000 RM’000 Short-term employee benefits 29,677 28,481 11,803 8,756 Defined contribution plans 3,371 3,294 2,760 2,230 33,048 31,775 14,563 10,986 Included in the total key management personnel are: Group Corporation 2014 2013 2014 2013 RM’000 RM’000 RM’000 RM’000 Director’s remuneration (Note 7) 3,533 2,847 3,107 2,417 31. Commitments (a) Capital commitments Group Corporation 2014 2013 2014 2013 RM’000 RM’000 RM’000 RM’000 Capital expenditure Approved and contracted for: Ships, offshore floating assets and other property, plant and equipment 506,301 704,915 19,317 365,920 Information and communication technology 18,949 675 2,189 675 Share of capital commitments in joint ventures 144,506 309,581 – – 669,756 1,015,171 21,506 366,595 NOTESTOTHE FINANCIAL STATEMENTS - 31 December 2014
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