Page 162 - S P Setia Annual Report 2013
P. 162

160 | Financial Statements S P SETIA BERHAD GROUP Annual Report 2013





NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2013 (CONT’D)






40. emPlOYee BeneFitS eXPenSe
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

Employee benefts expense 264,796 197,629 11,093 35,858

Included in employee benefts expense are the following:

Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000

EPF 22,823 18,202 788 3,611
Share-based payment under LTIP 23,418 - 9 -


41. RelateD PaRtY DiSclOSUReS

The following signifcant related party transactions took place at terms agreed between the parties during the fnancial year:
(a) Signifcant related party transactions during the fnancial year are as follows:


transaction value Balance outstanding
Group company Group company
2013 2012 2013 2012 2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000 Rm’000

transactions with
subsidiary companies
Interest received and receivable - - 82,294 57,166 - - 83,907 69,651
Management fee received
and receivable - - 6,966 32,489 - - 32,050 31,067
Security services rendered - - 1,056 2,180 - - - -
Staff secondment - - 1,913 - - - 1,093 -
Rental paid and payable - - 55 - - - - -

transactions with
jointly controlled entities
Management fee received and
receivable 10,250 11,191 115 1,422 1,437 1,716 - 1,422
Construction services rendered 1,432 7,156 - - 1,104 2,454 - -
Interest received and receivable 4,113 4,709 13,707 15,696 8,872 8,290 29,534 27,635
Redemption fees charged 752 442 - - 25 24 - -
Rental paid and payable 355 314 39 231 - - - -
Rental received and receivable 359 62 - - 230 47 - -
Staff secondment 432 307 82 - 56 42 82 -
Security services rendered 262 190 - - 23 19 - -
Sale of building materials 2,666 5,897 - - 727 1,811 - -
Acquisition of motor vehicle 40 - - - 34 - - -
Event service fee charged 24 - - - 9 - - -
Group marketing fee charged 642 - - - - - - -
Marketing support fee charged 547 - - - 547 - - -
   157   158   159   160   161   162   163   164   165   166   167