PRG Holdings Berhad Annual Report 2020

36. RELATED PARTY DISCLOSURES (continued) (b) In addition to the transactions detailed elsewhere in the financial statements, the Group and the Company had the following transactions with related parties during the financial year which were carried out based on negotiated terms and conditions and mutually agreed with related parties (continued): Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Directors of the Company and close family member of the Directors Progress billing 113 113 - - Discount allowed (34) (113) - - Loan (9,342) - (9,342) - Interest payable (173) - (173) - Director of subsidiary company Progress billing 56 57 - - Discount allowed (16) (57) - - (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 of the Company. The remuneration of the Directors of the Group and of the Company during the financial year was as follows: Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Directors’ remuneration: - Directors of the Company: - fees 187 210 187 210 - emoluments other than fees 1,713 2,999 30 22 1,900 3,209 217 232 - Directors of subsidiaries: - fees 306 322 - - - emoluments other than fees 4,890 7,272 - - 5,196 7,594 - - 7,096 10,803 217 232 The estimated monetary value of benefits-in-kind received by the Directors other than in cash from the Group amounted to RM10,000 (2019: RM22,000). PRG HOLDINGS BERHAD 170 Notes to the Financial Statements 31 December 2020 cont’d