39. RELATED PARTY DISCLOSURES (CONTD.) (b) Compensation of key management personnel Key management personnel is defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group, directly or indirectly including any directors. Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Salaries and other emoluments 14,073 15,778 – – Contributions to defined contribution plans 1,419 1,417 – – 15,492 17,195 – – Included in total key management personnel compensation are: Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Directors’ remuneration excluding benefits-in-kind (Note 9) 2,938 3,219 1,130 1,102 40. FINANCIAL INSTRUMENTS Classification of financial instruments The principal accounting policies in Note 2.4 describe how the classes of financial instruments are measured, and how income and expenses, including fair value gains and losses, are recognised. The following table analyses the financial assets and liabilities in the statements of financial position by the class of financial instrument to which they are assigned, and therefore by the measurement basis: 2024 Group FVTPL RM’000 Amortised cost RM’000 Total RM’000 Assets Trade receivables, net (Note 22) – 463,338 463,338 Concession receivable (Note 22) – 103,814 103,814 Other receivables, net (Note 22) – 104,328 104,328 Cash, bank balances and deposits (Note 27) – 648,007 648,007 Short term investments (Note 26) 13,504 – 13,504 Total financial assets 13,504 1,319,487 1,332,991 Liabilities Trade payables (Note 36) – 386,090 386,090 Other payables (Note 36) 12,229 404,601 416,830 Lease liabilities (Note 15) – 26,219 26,219 Borrowings (Note 35) – 435,578 435,578 Total financial liabilities 12,229 1,252,488 1,264,717 Notes to the Financial Statements For the year ended 31 December 2024 355 FINANCIAL STATEMENTS
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