FGV Audited Financial Statements 2019

213 01 S E C T I O N NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 AUDITED FINANCIAL STATEMENTS 2019 57 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED) Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 (b) Purchase of goods and services (continued) (ii) Transactions with FELDA and its subsidiaries Finance expense charged 45,201 61,932 45,201 61,932 Building rental charged 3,033 22,383 181 6,976 LLA liability paid by FGVPM 248,683 298,651 - - Purchase of latex by FRISB 133,925 125,512 - - Purchase of FFB by FPISB and FGVPM 2,624,697 2,838,442 - - Joint Consultative Committee payment by FPISB and FGVPM to FELDA 13,136 12,678 - - (c) Transactions with Government-related entities Transactions between subsidiaries and other government agencies Cooking oil subsidy received from Malaysia Palm Oil Board (“MPOB”) and Kementerian Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan 12,585 20,669 - - Cess payment to MPOB 39,901 36,724 - - (d) Key management compensation Key management personnel comprise of Directors and senior management with the rank of Vice President and above, having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. The aggregate amount of emoluments received/receivable by key management personnel of the Group and the Company during the financial year is as follows: Group Company 2019 RM’000 2018 RM’000 2019 RM’000 2018 RM’000 Fees 1,847 2,546 1,532 2,203 Salaries and bonuses 13,188 22,423 13,188 20,992 Defined contribution and benefit plans 2,644 5,697 2,644 5,431 Other short-term employee benefits 3,822 5,793 3,361 4,297 21,501 36,459 20,725 32,923