37. RELATED PARTIES (CONTINUED) Identities of related parties (continued) The terms and conditions for the above transactions are based on negotiated basis. Significant related party balances of the Group and of the Company are disclosed in Note 14. Other key management personnel comprise persons other than the Directors of Group entities, having authority and responsibility for planning, directing and controlling the activities of the Group entities either directly or indirectly. In addition to their salaries, the Group also voluntarily provided additional Employees Provident Fund (EPF) contributions over the statutory requirement for a significant number of employees. There are no significant related party transactions of the Group and of the Company and its key management personnel of the Group and of the Company, other than key management personnel compensation as disclosed below: Group Company 1.7.2021 to 30.6.2022 RM’000 1.1.2020 to 30.6.2021 RM’000 1.7.2021 to 30.6.2022 RM’000 1.1.2020 to 30.6.2021 RM’000 Key management personnel compensation Non-executive Directors - Fees 1,267 673 1,055 673 - Remuneration 217 173 217 173 Total short-term employee benefits 1,484 846 1,272 846 Executive Directors - Fees 111 68 – 68 - Remuneration 4,050 3,385 3,487 3,385 - Short-term employee benefits - EPF 411 413 318 413 - Others 681 591 596 591 Total short-term employee benefits 5,253 4,457 4,401 4,457 Other key management personnel - Remuneration 3,698 8,377 2,110 982 - Short-term employee benefits - EPF 475 1,167 253 138 - Others 715 840 496 171 Total short-term employee benefits 4,888 10,384 2,859 1,291 11,625 15,687 8,532 6,594 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) DAGANG NeXCHANGE BERHAD 304
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