PRG Holdings Berhad Annual Report 2018

30. RELATED PARTY DISCLOSURES (continued) (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 the Directors of the Group and of the Company during the financial year was as follows: Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Directors’ remuneration: - Directors of the Company: - fees 284 254 284 254 - emoluments other than fees 3,404 3,362 29 - 3,688 3,616 313 254 - Directors of subsidiaries: - fees 271 75 - - - emoluments other than fees 5,006 4,295 - - 5,277 4,370 - - 8,965 7,986 313 254 The estimated monetary value of benefits-in-kind received by the Directors other than in cash from the Group amounted to RM103,000 (2017: RM169,000). (d) Transactions with corporation in which a Director of an associate (formerly a subsidiary) has interest The aggregate value of transactions and outstanding balances relating to corporation in which a Director of an associate (formerly a subsidiary) has interest were as follows: Transaction value Balance for the year ended outstanding as at 31 December 31 December 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Shann Australia Pty. Ltd. - Sales 639 1,496 - 407 The Group sells goods to Shann Australia Pty. Ltd., a company that owns 3.27% (2017: 3.27%) of Furnitech Components (Vietnam) Co., Ltd., an associate (formerly a subsidiary) of the Group. The related party transactions described above were carried out based on negotiated terms and conditions and mutually agreed with related parties. 2018 A N N U A L R E P O R T 150 notes to the financial statements 31 December 2018 (continued)