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Annual Report 2014 | S P SETIA BERHAD GROUP | 193

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

41. RELATED PARTY DISCLOSURES (CONT’D)

(a) Significant related party transactions during the financial year are as follows: (cont’d)

Transactions with shareholders and Government

Permodalan Nasional Berhad (“PNB”), a government-linked entity, is a shareholder of the Company, with direct shareholding of

51.46% (2013: 48.69%) and indirect shareholding of 66.56% (2013: 63.77%) via Amanah RayaTrustee Berhad (Skim Amanah Saham

Bumiputera). PNB and entities directly controlled by PNB are collectively referred to as government-related entities to the Group and

the Company.

The transactions entered into with these government-linked corporations have been established on terms and conditions that are

not materially different from those obtainable in transactions with unrelated parties.

(b) Key management personnel compensation

Group

Company

2014

2013

2014

2013

RM’000

RM’000

RM’000

RM’000

Restated

Directors

Fees, salary, bonuses and other emoluments

27,206

26,875

3,169

5,564

Estimated monetary value of benefits-in-kind

3,515

1,734

11

961

Share-based payment under the LTIP

6,413

4,309

-

-

Total short-term employee benefits

37,134

32,918

3,180

6,525

Post-employment benefits

- EPF and SOCSO

3,148

2,979

62

391

40,282

35,897

3,242

6,916

Other key management personnel

Fees

17

19

-

-

Salary, allowances and bonuses

23,361

19,888

-

599

Estimated monetary value of benefits-in-kind

-

230

-

20

Share-based payment under the LTIP

11,239

6,433

-

-

Total short-term employee benefits

34,617

26,570

-

619

Post-employment benefits

- EPF and SOCSO

3,086

2,076

-

72

37,703

28,646

-

691

Total compensation

77,985

64,543

-

7,607

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

1,491,300 ESGP were granted to the Company’s executive directors and other key management personnel during the financial year

(2013: 61,750,500 ESOS and 2,771,680 ESGP).