Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 175 40 SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED) Significant outstanding balances with related parties at the financial year end are as follows: Company 2017 RM’000 2016 RM’000 Amounts due from/(to) subsidiaries - WSC Capital Sdn. Bhd. 115,501 211,722 - Peakvest Sdn. Bhd. 21,119 20,238 - Triple Cash Sdn. Bhd. 4,574 4,356 - Sunrise Green Sdn. Bhd. 4,951 4,620 - Wah Seong Management Services Sdn. Bhd. 2,100 - - Petro-Pipe Industries (M) Sdn. Bhd. 566 13,184 - Jutasama Sdn. Bhd. 530 942 - Mackenzie Industries Sdn. Bhd. 387 246 - Syn Tai Hung Trading Sdn. Bhd. 76 94 - PMT Industries Sdn. Bhd. 24 286 - Wah Seong Industrial Holdings Sdn. Bhd. 17 62 - Wasco Management Services Sdn. Bhd. (1,291) (372) Compensation of key management personnel are as follows: Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Key management personnel: - short-term employee benefits (including monetary value of benefits-in-kind) 13,394 12,348 4,072 3,897 - post-employment benefits 834 771 467 432 41 STAFF COSTS Group Company 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Salaries, wages and bonus 315,881 146,554 3,930 7,274 Defined contribution plan 18,985 11,163 441 845 334,866 157,717 4,371 8,119 Included within staff costs are remuneration of Executive Directors of the Group and the Company (Note 42).