Wah Seong Corporation Berhad Annual Report 2020

177 ANNUAL REPORT 2020 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 39 SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED) Compensation of key management personnel are as follows: Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Key management personnel: - short-term employee benefits (including monetary value of benefits-in kind) 14,199 14,735 5,221 4,847 - post-employment benefits 876 1,120 458 570 In addition to the amounts disclosed above, the Group and the Company have made provisions of RM19,832,000 and RM1,042,000 (2019: RM993,000 and RM993,000) respectively for amounts payable to key senior management at the end of their employment for their services to the Group and the Company as part of their employment contract. With this, the total compensation to key management personnel (including unpaid gratuity provision) amounted to RM34,907,000 and RM6,721,000 (2019: RM16,848,000 and RM6,410,000) for the Group and the Company respectively. 40 STAFF COSTS Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Salaries, wages and bonus 244,208 369,377 5,133 5,403 Defined contribution plan 12,039 19,667 558 578 256,247 389,044 5,691 5,981 Included within staff costs are remuneration of Executive Directors of the Group and the Company (Note 41). 41 DIRECTORS’ REMUNERATIONS Group Company 2020 2019 2020 2019 RM’000 RM’000 RM’000 RM’000 Executive Directors Salaries, wages and bonus 7,521 8,714 2,720 3,310 Defined contribution plan 485 674 273 398 Directors’ fees 120 120 120 120 Directors’ allowances 30 24 30 24 8,156 9,532 3,143 3,852 Non-Executive Directors Directors’ fees 410 390 410 390 Directors’ allowances 168 129 168 129 578 519 578 519 8,734 10,051 3,721 4,371