180 / 204
Notes to the
Financial Statements
As at 31 March 2020
Fima CORPORATION Berhad
(197401004110) (21185-P) •
Annual Report 2020
178
35. Related party disclosures (cont’d.)
(a) Related party transactions (cont’d.)
Income/(expense)
2020
2019
RM’000
RM’000
Company
Ultimate holding company
- Rental income receivable
853
767
- Management fees/services payable
(498)
(193)
Subsidiaries:
- Rental income receivable
180
180
- Management services receivable
1,343
466
- Purchases made
(1,055)
(998)
Associate:
- Management services receivable
-
10
Related by virtue of common shareholder of the Company:
- Rental income receivable
4
17
Information regarding outstanding balance arising from related party transactions as at the financial year end are disclosed in
Note 22 to the financial statements.
(b) Compensation of key management personnel
Key management personnel are those persons having authority and responsibility for planning, directing and controlling the
activities, directly or indirectly, including the directors (whether executive or otherwise).
The key management personnel compensation is as follows:
Group
Company
2020
2019
2020
2019
RM’000
RM’000
RM’000
RM’000
Short-term benefits
4,082
3,824
1,273
1,125
Post-employment benefits:
Defined contribution plan
616
600
153
143
Other benefits
152
190
93
157
4,850
4,614
1,519
1,425