35. RELATED PARTY DISCLOSURES (continued) (b) In addition to the transactions detailed elsewhere in the financial statements, the Group and the Company had the following transactions with related parties during the financial year which were carried out based on negotiated terms and conditions and mutually agreed with related parties (continued): Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Directors of the Company and close family member of the Directors Progress billing - 113 - - Discount allowed - (34) - - Sales of goods 429 - - - Loan - (9,342) - (9,342) Interest payable - (173) (362) (173) Director of subsidiary company Progress billing - 56 - - Sales of goods 2 - - - Discount allowed - (16) - - (c) Compensation of key management personnel Key management personnel are those persons having the authority and responsibility for planning, directing and controlling the activities of the entity, directly and indirectly, including any Director (whether executive or otherwise) of the Group and of the Company. The remuneration of the Directors of the Group and of the Company during the financial year was as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Directors’ remuneration: - Directors of the Company: - fees 231 187 231 187 - emoluments other than fees 1,208 1,713 11 30 1,439 1,900 242 217 - Directors of subsidiaries: - fees - 306 - - - emoluments other than fees 4,162 4,890 - - 4,162 5,196 - - 5,601 7,096 242 217 The estimated monetary value of benefits-in-kind received by the Directors other than in cash from the Group amounted to RM13,000 (2020: RM10,000). NOTES TO THE FINANCIAL STATEMENTS P R G H O L D I N G S B E R H A D A N N U A L R E P O R T 2 0 2 1 172 31 December 2021 (cont’d)
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