Overview
Our
Business
Strategic
Review
Corporate
Governance
Financial
Statements
Other
Information
121
Maxis Berhad
Annual Report 2014
Notes to the
Financial Statements
31 December 2014
9 KEY MANAGEMENT PERSONNEL REMUNERATION
Key management personnel comprise persons including Directors of the Company, having authority and responsibility for planning,
directing and controlling the activities of the Group entities either directly or indirectly.
The aggregate amount of emoluments received/receivable by key management personnel excluding Directors of the Company during
the financial year is as follows:
Group
Company
2014
RM’000
2013
RM’000
2014
RM’000
2013
RM’000
Salaries and other short-term employee benefits
11,279
29,607
196
903
CTS costs
(1)
-
1,429
-
63
Defined contribution plan
965
2,275
17
61
Share-based payments
23
1,055
-
-
Estimated monetary value of benefits-in-kind
569
1,578
15
60
12,836
35,944
228
(2)
1,087
(2)
Notes:
(1)
The Group had undertaken an organisational refinement exercise to make it more agile and cohesive in delivering its integrated
propositions, as well as support its growth strategies. As part of this exercise, the Group had offered CTS to selected employees.
(2)
Key management personnel remuneration was paid by Maxis Mobile Sdn. Bhd., a wholly-owned subsidiary of the Company and
provider of corporate support and services functions for the Group, and was charged to the Company as management fees.
The total key management personnel remuneration of the Group and of the Company for the financial year is RM33,878,000
(2013: RM44,978,000) and RM3,789,000 (2013: RM4,266,000) respectively.
10 STAFF COST (INCLUDING EXECUTIVE DIRECTORS’ SALARIES, OTHER SHORT-TERM EMPLOYEE BENEFITS AND SHARE-
BASED PAYMENTS)
Group
2014
RM’000
2013
RM’000
Wages, salaries and bonuses
317,214
355,859
CTS costs
(793)
143,267
Defined contribution plan
32,367
41,236
Other employee benefits
46,975
51,035
Incentive arrangement and ESOS
3,366
4,353
399,129
595,750
