205 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD Registration No: 199301009307 (264044-M) 67 28. RELATED PARTY DISCLOSURES (CONT’D) (c) Compensation of key management personnel Key management personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group, either directly or indirectly. Key management includes all the Directors of the Company and its subsidiaries, associate, and certain members of senior management of the Group excluding the Independent Directors and Non-Executive Directors. The remuneration of the key management personnel are as follow:- Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Salaries, bonuses and allowances 4,119 4,667 3,090 3,153 Defined contribution plan 439 492 371 377 Social security contributions 6 6 3 4 Benefit-in-kind 141 149 141 149 4,705 5,314 3,605 3,683 29. CAPITAL COMMITMENTS Group 2023 2022 RM’000 RM’000 Capital expenditure Authorised and contracted for:- - Purchase of property, plant and equipment 1,431 786 30. OPERATING SEGMENTS For management purposes, the Group is organised into business segments based on its nature of business and has three reportable segments, which comprises the following:- Trading - Operations and management of retail stores in Malaysia, Singapore and Indonesia including the wholesales, export and e-commerce business Golf Services - Operations and management of golf academy, indoor golf and events Others - Investment holding
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