Annual report 2014
137
NOTES TO THE FINANCIAL STATEMENTS
31 December 2014 (continued)
33. RELATED PARTIES DISCLOSURES (continued)
(b) In addition to the transactions and balances detailed elsewhere in the financial statements, the
Group and the Company had the following transactions with related parties during the financial year:
(continued)
Group
Company
2014
2013
2014
2013
RM
RM
RM
RM
Related parties (continued):
Purchase of EuroPay
- MasterCard-Visa chip-based cards
and/or data preparation and
personalisation of chip-based cards;
purchase of computer hardware and
software; sales of payment solutions;
sales and rental of EDC terminals and
other related services by the Group
from Microtree
464,016
355,822
461,520
341,856
Rental expenses
323,000
-
-
-
The related party transactions were carried out on terms and conditions agreed between parties.
(c) Compensation of key management personnel
Key management personnel are those persons having the authority and responsibility for planning,
directing and controlling the activities of the entity, directly and indirectly, including any Director
(whether executive or otherwise) of the Group and the Company.
The remuneration of Directors and other key management personnel during the financial year was as
follows:
Group and Company
2014
2013
RM
RM
Short term employee benefits
2,208,959 2,371,503
Contributions to defined contribution plans
233,096
250,806
Share options granted under share options scheme
173,215
291,078
2,615,270 2,913,387
