NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 SECTION 4: FINANCIAL PERFORMANCE 192 30. RELATED PARTY DISCLOSURES (CONT’D) (b) The outstanding balances arising from related party transactions as at the reporting date are disclosed in Notes 12, 19 and 20 to the financial statements. (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 2024 2023 2024 2023 RM ‘000 RM ‘000 RM ‘000 RM ‘000 Salaries, bonuses and allowances 4,153 4,119 2,823 3,090 Defined contribution plan 347 439 250 371 Social security contributions 7 6 4 3 Benefit-in-kind 126 141 120 141 4,633 4,705 3,197 3,605 31. CAPITAL COMMITMENTS Group Company 2024 2023 2024 2023 RM ‘000 RM ‘000 RM ‘000 RM ‘000 Capital expenditure Authorised and contracted for:- - Purchase of property, plant and equipment 1,198 1,431 39 - 32. 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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