FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 329 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 55 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED) Group Company 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 (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 Dalam Negeri 141,124 99,160 - - Cess payment to MPOB 60,395 45,464 - - (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 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Fees 2,937 3,674 1,731 1,801 Salaries and bonuses 21,150 26,709 19,933 25,318 Defined contribution and benefit plans 4,682 5,911 4,434 5,639 Other short-term employee benefits 7,200 8,693 4,022 4,898 35,969 44,987 30,120 37,656 (e) Loan due from subsidiaries Terms and conditions of the loan are disclosed in Note 31 to the financial statements. Group 2016 RM'000 2015 RM'000 At 1 January 1,062 1,062 Addition 204,951 - At 31 December 206,013 1,062