MSM Malaysia Holdings Berhad Annual Report 2020

35 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED) (b) Significant financial year end balances are as follows: (continued) Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Loans due from subsidiaries, net of repayments: - MSM Perlis - - - 36,610 - MSM Johor - - 1,002,053 1,023,088 - - 1,002,053 1,059,698 Loans due to a subsidiary, net of repayments: - MSM Prai - - (128,856) (94,758) (c) Key management personnel remuneration Key management personnel comprise Directors and senior management and above 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 Directors of the Group during the year is disclosed in Note 12 to the financial statements. The aggregate amount of emoluments received/receivable by other key management personnel of the Group and Company during the year is as follows: Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Salary, allowances and bonuses 7,413 7,001 4,924 4,135 Defined contribution plan 1,231 1,270 812 750 Other employee benefits 750 389 204 340 Total 9,394 8,660 5,940 5,225 Benefits-in-kind provided to other key management personnel of the Group and of the Company amounted to RM18,177 (2019: RM22,860) and RM18,177 (2019: RM19,360) respectively. MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 220 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 CHAIRMAN’S STATEMENT DELIVERING VALUE MSM OVERVIEW MANAGEMENT DISCUSSION & ANALYSIS GROUP FINANCIAL REPORT