NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 39 SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED) Significant outstanding balances with related parties at the financial year end are as follows: Company 2022 2021 RM’000 RM’000 Amounts due from/(to) subsidiaries: - Jutasama Sdn. Bhd. 7,823 294 - Triple Cash Sdn. Bhd. 5,574 5,153 - WDG Resources Sdn. Bhd. 2,605 11,528 - Wah Seong Management Services Sdn. Bhd. 2,469 5,235 - WSC Capital Sdn. Bhd. 2,354 - - Wasco Management Services Sdn. Bhd. 179 (4,919) - PMT Industries Sdn. Bhd. 181 228 - Maple Sunpark Sdn. Bhd. - 2,230 - Sunrise Green Sdn. Bhd. - 954 - Petro-Pipe Industries (M) Sdn. Bhd. (20,000) (20,000) - Syn Tai Hung Trading Sdn. Bhd. (2,409) (4,230) Compensation of key management personnel are as follows: Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Key management personnel: - short-term employee benefits (including monetary value of benefits-in-kind) 12,009 11,519 3,896 4,087 - post-employment benefits 932 979 454 454 In addition to the amounts disclosed above, the Group and the Company have made a provision of RM2,519,000 and RM1,080,000 (2021: reversal of RM1,238,000 and a provision of RM1,080,000) 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 RM15,460,000 and RM5,430,000 (2021: RM11,260,000 and RM5,621,000) for the Group and the Company respectively. 40 STAFF COSTS Group Company 2022 2021 2022 2021 RM’000 RM’000 RM’000 RM’000 Salaries, wages and bonus 380,313 258,424 8,441 6,402 Defined contribution plan 15,776 13,090 928 653 396,089 271,514 9,369 7,055 Included within staff costs are remuneration of Executive Directors of the Group and the Company (Note 41). Wah Seong Corporation Berhad Annual Report 2022 190
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