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GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (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
2015
2014
2015
2014
RM
RM
RM
RM
Related parties (continued):
Purchase of EuroPay
chip-based cards and/or date 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
24,666
464,016
24,666
461,520
Rental expenses
438,000
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
2015
2014
RM
RM
Short term employee benefits
1,494,133 2,208,959
Contributions to defined contribution plans
191,273
233,096
Share options granted under ESS
163,561
173,215
1,848,967 2,615,270