36. SIGNIFICANT RELATED PARTY TRANSACTIONS (CONT’D.) In addition to the related party information disclosed elsewhere in the financial statements, the following significant transactions between the Group and the related parties took place at terms agreed between the parties during the financial year: (cont’d.) (f) Sale of development properties 2024 2023 RM’000 RM’000 Group Sales of development properties to certain directors of subsidiaries 10,947 1,466 The directors are of the opinion that all the above transactions were entered into in the normal course of business and have been established under terms that are no less favourable than those obtainable in transactions with unrelated parties. Information regarding outstanding balances arising from related party transactions as at 31 December 2024 and 31 December 2023 are disclosed in Note 23(b)(ii) and Note 33(b)(iii). (g) 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. The key management personnel includes all the directors of the Group and certain members of senior management of the Group. The remuneration of directors and other members of key management during the financial year were as follows: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Salaries, bonus and other emoluments 25,723 18,284 8,494 5,123 Contributions to defined contribution plan 2,895 1,964 717 285 Fees 2,021 1,962 1,571 1,652 30,639 22,210 10,782 7,060 Included in the total key management personnel are: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Directors’ remuneration (Note 11) 28,098 20,042 10,782 7,060 FINANCIAL STATEMENTS & OTHER INFORMATION 335
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