51 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED) Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 (b) Purchase of goods and services (continued) (ii) Transactions with FELDA and its non-FGV subsidiaries (continued) Finance costs charged – 12,987 – 12,987 LLA liability paid by FGVPM 274,261 300,247 – – Purchase of latex by FRISB 151,846 133,412 – – Purchase of FFB by FGV Trading 5,331,714 4,070,083 – – Joint Consultative Committee Payment FGV Trading to FELDA 18,282 15,926 – – (c) Transactions with Government-related entities Transactions between subsidiaries and other government agencies Cooking oil subsidy and Joint Industry incentive for sugar received / receivable from KPDN dan Kos Sara Hidup 455,553 202,932 – – CESS payment to Malaysia Palm Oil Board 46,765 42,556 – – Windfall tax paid/payable to Royal Malaysian Custom Department 125,956 69,446 – – Provision of IT solutions to Kementerian Pendidikan Malaysia 5,434 32,187 – – Provision of IT solutions to Suruhanjaya Komunikasi dan Multimedia Malaysia 20,068 29,915 – – Provision of IT solutions to Lembaga Hasil Dalam Negeri Malaysia 95,141 8,886 – – (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 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Fees 1,949 2,000 1,825 1,860 Salaries and bonuses 31,805 33,043 15,543 17,447 Defined contribution and benefit plans 5,697 5,893 3,080 3,196 Other short-term employee benefits 5,767 6,184 3,721 3,562 45,218 47,120 24,169 26,065 FGV Holdings Berhad | Audited Financial Statements 2024 Notes to the Financial Statements For the financial year ended 31 December 2024 178
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