Page 169 - S P Setia Annual Report 2013
P. 169

Annual Report 2013 S P SETIA BERHAD GROUP Financial Statements | 167





NOTES TO THE FINANCIAL STATEMENTS

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






41. RelateD PaRtY DiSclOSUReS (cOnt’D)

(b) Key management personnel compensation
Group company
2013 2012 2013 2012
Rm’000 Rm’000 Rm’000 Rm’000


Directors
Fees 896 928 896 928
Salary, bonuses and other emoluments 25,983 26,310 4,668 24,259
Estimated monetary value of benefts-in-kind 1,734 1,303 961 1,253
Share-based payment under LTIP 4,309 - - -

Total short-term employee benefts 32,922 28,541 6,525 26,440
Post-employment benefts
- EPF 2,975 2,853 391 2,853
35,897 31,394 6,916 29,293

Other key management personnel

Fees 19 18 - -
Salary, allowances and bonuses 20,713 17,952 599 6,318
Estimated monetary value of benefts-in-kind 230 174 20 40
Share-based payment under LTIP 6,537 - - -


Total short-term employee benefts 27,499 18,144 619 6,358
Post-employment benefts
- EPF 2,108 1,928 72 758
29,607 20,072 691 7,116

Total compensation 65,504 51,466 7,607 36,409

Shares and share options granted to directors and other key management personnel

61,750,000 ESOS and 2,771,680 ESGP were granted to the Company’s executive directors and other key management personnel during
the fnancial year (2012 : Nil).


42. OPeRatinG leaSe cOmmitmentS

The Group as lessee

The Group leases premises from various parties under operating leases. These leases are cancellable and typically run for a period ranging
from 1 to 3 years, with the option to renew upon expiry. None of the leases includes contingent rentals. There are no restrictions placed
upon the Group by entering into these leases.
   164   165   166   167   168   169   170   171   172   173   174