WASCO BERHAD 276 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 37 SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED) Significant transactions with subsidiaries (continued) Company 2024 RM’000 2023 RM’000 Repayments to subsidiaries: - Petro-Pipe Industrial Corporation Sdn. Bhd. 47,688 - - Petro-Pipe Industries (M) Sdn. Bhd. - 23,500 - Wasco AgroTech Sdn. Bhd. 40,080 - - Maple Sunpark Sdn. Bhd. 20,000 1,200 - Wasco Coatings Malaysia Sdn. Bhd. 13,300 - - Wasco Capital Sdn. Bhd. - 9,689 - Syn Tai Hung Trading Sdn. Bhd. - 2,400 Significant outstanding balances with related parties at the financial year end are as follows: Company 2024 RM’000 2023 RM’000 Amounts due from/(to) subsidiaries: - Maple Sunpark Sdn. Bhd. (66,420) - - Wasco Capital Sdn. Bhd. 41,615 10,563 - Wasco Energy Ltd. 9,424 35 - Triple Cash Sdn. Bhd. 5,722 5,474 - Petro-Pipe Industrial Corporation Sdn. Bhd. - (33,350) - Wasco Management Services Sdn. Bhd. 478 (2,072) Compensation of key management personnel are as follows: Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Key management personnel: - short-term employee benefits (including monetary value of benefits-in-kind) 18,881 12,932 - - - post-employment benefits 1,050 658 - - In addition to the amounts disclosed above, the Group and the Company made a provision of RM2,819,000 and RM Nil (2023: a provision of RM3,977,000 and RM31,000) 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 RM22,750,000 and RM Nil (2023: RM17,567,000 and RM31,000) for the Group and the Company respectively.
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