Wah Seong Corporation Berhad Annual Report 2021 186 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 39 SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED) Significant outstanding balances with related parties at the financial year end are as follows: Company 2021 2020 RM’000 RM’000 Amounts due from/(to) subsidiaries: - WDG Resources Sdn. Bhd. 11,528 11,482 - Triple Cash Sdn. Bhd. 5,153 5,225 - Wah Seong Management Services Sdn. Bhd. 5,235 4,346 - Maple Sunpark Sdn. Bhd. 2,230 3,492 - Sunrise Green Sdn. Bhd. 954 469 - Jutasama Sdn. Bhd. 294 213 - PMT Industries Sdn. Bhd. 228 - - Petro-Pipe Industries (M) Sdn. Bhd. (20,000) - - Wasco Management Services Sdn. Bhd. (4,919) (2,968) - Syn Tai Hung Trading Sdn. Bhd. (4,230) (14,249) Compensation of key management personnel are as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Key management personnel: - short-term employee benefits (including monetary value of benefits-in-kind) 11,519 14,199 4,087 5,221 - post-employment benefits 979 876 454 458 In addition to the amounts disclosed above, the Group and the Company have made a reversal of RM1,238,000 and a provisions of RM1,080,000 (2020: provision of RM19,832,000 and RM1,042,000) 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 RM11,260,000 and RM5,621,000 (2020: RM34,907,000 and RM6,721,000) for the Group and the Company respectively. 40 STAFF COSTS Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Salaries, wages and bonus 258,424 244,208 6,402 5,133 Defined contribution plan 13,090 12,039 653 558 271,514 256,247 7,055 5,691 Included within staff costs are remuneration of Executive Directors of the Group and the Company (Note 41).
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