FGV Annual Report 2012

110 Felda Global Ventures Holdings Berhad 49 SIGNIFICANT RELATED PARTY TRANSACTIONS (continued) (b) Purchase of goods and services Group Company 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 (i) Transactions with an associate Management fees charged by FHB 89,369 1,512 74,267 1,512 (ii) Transactions with subsidiaries of FHB Purchase of coconut oil and other palm oil products by TRTH from FELMA 229,129 345,092 – – Purchase of fertilizer by FGVPM, KGFP and FGV Perlis from FPMSB 524,998 229,151 – – Purchase of chemicals and seedlings by FGVPM, KGFP and FGV Perlis from FASSB 35,130 38,073 – – Purchase of CPO and PK by FGVPM from FPISB 7,022,703 – – – Purchase of IT services from FPSSB 16,000 7,642 1,628 847 Purchase of marketing services from FELMA 16,895 – – – Purchase of security services from FSSSB 40,481 43,106 9 2 Management fees and profit sharing paid by FGVPM to FPSB 12,340 96,840 – – (iii) Transactions between subsidiaries and FELDA Interest expense charged by FELDA 91,174 91,383 91,174 91,383 Share of infrastructure cost in Sahabat charged to FGVPM by FELDA 17,931 – – – LLA liability paid and payable by FGVPM to ELDA 388,103 – – Share of IPO expenses charged by FGVH to FELDA 52,440 – 52,440 – (c) Other transactions (i) Transactions with subsidiaries of FHB Management incentives received by TRTH from FPI on purchase of palm oil products 29,377 24,700 – – (d) Transactions with Government related entities (i) Transactions between subsidiaries and other government agencies Sugar subsidy received from Kementerian Perdagangan Dalam Negeri, Koperasi dan Kepenggunaan 274,476 156,640 – – Windfall tax paid to Kastam Diraja Malaysia 40,597 77,477 – – (e) Key management compensation Key management personnel comprise of Directors, Chief Executives of operating entities and members of Management Committee of the Group, 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 Company during the year is as follows: Group Company 2012 2011 2012 2011 RM’000 RM’000 RM’000 RM’000 Fees 2,568 618 2,568 618 Salaries and bonuses 14,311 7,518 11,639 5,887 Defined contribution retiremen plan 2,124 1,144 1,980 886 Other short term employee benefits 64 25 64 25 19,067 9,305 16,251 7,416 Notes to the Financial Statements for the financial year ended 31 December 2012