106 MSC BERHAD Notes to the Financial Statements (cont’d) 34. Related Party Disclosures (cont’d) (c) Compensation of key management personnel Information regarding compensation of Directors and other key management personnel are as follows: Group Company 1.7.2023 to 30.6.2024 1.1.2022 to 30.6.2023 1.7.2023 to 30.6.2024 1.1.2022 to 30.6.2023 RM RM RM RM Fees 252,000 628,000 252,000 628,000 Salaries, and other emoluments 1,947,839 3,019,561 449,590 2,711,561 Defined contribution plans 241,801 360,874 52,566 323,914 Social security contributions 8,013 11,973 2,027 11,068 2,449,653 4,020,408 756,183 3,674,543 Estimated money value of benefit-in-kind 363,500 175,806 343,500 175,806 2,813,153 4,196,214 1,099,683 3,850,349 35. Segment Information The Company and its subsidiary companies are principally engaged in the development, provision and maintenance of computer software application solutions for the financial services industry. The Group has arrived at four (4) reportable segments that are organised and managed separately according to the nature of products and services, which requires different business and marketing strategies. The reportable segments are summarised as follows: (a) Application solutions division Sales of software application and product on an outright purchase basis (b) Maintenance services division Provision of maintenance services (c) Application services provider division Provision of application services on monthly recurring fixed and variable charges (d) Others Investment holding and etc. The Group evaluates performance on the basis of profit or loss from operations before tax. The Group income taxes are managed on a group basis and are not allocated to operating segments. Inter-segment revenue is priced along the same lines as sales to external customers and is eliminated in the consolidated financial statements. These policies have been applied consistently throughout the current financial year and previous financial period. Capital expenditure consist of addition of property, plant and equipment, right-of-use assets and product development costs. Segment assets exclude tax assets and segment liabilities exclude tax liabilities.
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