Tropicana Corporation Berhad Annual Report 2020

37. SIGNIFICANT RELATED PARTY TRANSACTIONS (CONT'D.) In addition to the related party information disclosed elsewhere in the financial statements, the following significant transactions between the Group and the related parties took place at terms agreed between the parties during the financial year: (cont'd.) (e) Compensation of key management personnel Key management personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group, either directly or indirectly. The key management personnel includes all the directors of the Group, and certain members of senior management of the Group. The remuneration of directors and other members of key management during the financial year were as follows: Group Company 2020 2019 2020 2019 RM'000 RM'000 RM'000 RM'000 Salaries, bonus and other emoluments 33,135 32,148 9,993 11,349 Contributions to defined contribution plan 2,505 2,837 530 917 Fees 1,449 1,691 1,092 1,285 37,089 36,676 11,615 13,551 Included in the total key management personnel are: Group Company 2020 2019 2020 2019 RM'000 RM'000 RM'000 RM'000 Directors' remuneration (Note 11) 35,435 32,375 11,615 13,551 38. FINANCIAL INSTRUMENTS Classification of financial instruments Financial assets and financial liabilities are measured on an ongoing basis either at fair value or at amortised cost. The principal accounting policies of the Group and of the Company described how the class of financial instruments are measured, and how income and expenses, including fair value gains and losses are recognised. The following table analysed the financial assets and financial liabilities in the statements of financial position by the class of financial instrument to which they are assigned, and therefore by the measurement basis. Financial Fair value Financial assets at through liabilities at amortised profit or amortised cost loss cost Total RM'000 RM'000 RM'000 RM'000 Group 31 December 2020 Assets Other investments – 151,861 – 151,861 Trade and other receivables - Non-current 18,072 – – 18,072 - Current (excluding prepayments) 513,543 – – 513,543 Cash and bank balances 621,892 – – 621,892 Total financial assets 1,153,507 151,861 – 1,305,368 Total non-financial assets 10,496,363 Total assets 11,801,731 Liabilities Borrowings - Non-current – – 3,078,042 3,078,042 - Current – – 518,729 518,729 Trade and other payables - Non-current – – 461,952 461,952 - Current – – 1,057,505 1,057,505 Lease liabilities - Non-current – – 6,126 6,126 - Current – – 2,573 2,573 ICPS - Non-current – – 174,007 174,007 - Current – – 3,593 3,593 Total financial liabilities – – 5,302,527 5,302,527 Total non-financial liabilities 739,898 Total liabilities 6,042,425 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 276 277