PRG Holdings Berhad Annual Report 2019

ANNUAL REPORT 2019 173 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 34. RELATED PARTY DISCLOSURES (continued) (c) Compensation of key management personnel (continued) The remuneration of the Directors of the Group and of the Company during the financial year was as follows: Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Directors’ remuneration: - Directors of the Company: - fees 210 284 210 284 - emoluments other than fees 2,999 3,404 22 29 3,209 3,688 232 313 - Directors of subsidiaries: - fees 322 271 - - - emoluments other than fees 7,272 5,006 - - 7,594 5,277 - - 10,803 8,965 232 313 The estimated monetary value of benefits-in-kind received by the Directors other than in cash from the Group amounted to RM22,000 (2018: RM103,000). (d) Transactions with corporation in which a Director of an associate has interest The aggregate value of transactions and outstanding balances relating to corporation in which a Director of an associate has interest were as follows: Transaction value for the year ended 31 December Balance outstanding as at 31 December 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Shann Australia Pty. Ltd. - Sales 701 639 255 - The Group sells goods to Shann Australia Pty. Ltd., a company that owns 3.27% (2018: 3.27%) of Furnitech Components (Vietnam) Co., Ltd., an associate of the Group. The related party transactions described above were carried out based on negotiated terms and conditions and mutually agreed with related parties.