FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 308 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 53 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONT’D.) (e) 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 year is as follows: Group Company 2013 2012 2013 2012 RM’000 RM’000 RM’000 RM’000 Fees 2,707 2,568 2,039 1,712 Salaries and bonuses 16,097 14,311 14,737 11,639 Defined contribution retirement plan 3,388 2,124 3,144 1,980 Other short-term employee benefits 1,912 64 1,798 64 24,104 19,067 21,718 15,395 (f) Loans due from/to related parties (i) Loans due from Felda Iffco Inc., subsidiary of a joint venture. Terms and conditions of the loan are disclosed in Note 26 to the financial statements. Group 2013 2012 RM’000 RM’000 At 1 January - 27,926 Currency translation differences 1,917 (974) Less: Impairment (1,917) (26,952) At 31 December - - (ii) Loans due to a significant shareholder. Terms and conditions of the loan are disclosed in Note 44 to the financial statements. Group and Company 2013 2012 RM’000 RM’000 At 1 January 1,840,271 1,840,448 Addition 1,067,400 - Repayment (214,286) - Finance expense 93,085 91,174 Finance paid (88,680) (91,351) At 31 December 2,697,790 1,840,271