Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 39 SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED) Significant outstanding balances with related parties at the financial year end are as follows: Company 2023 2022 RM’000 RM’000 Amounts due from/(to) subsidiaries: - WSC Capital Sdn. Bhd. 10,563 2,354 - Triple Cash Sdn. Bhd. 5,474 5,574 - WDG Resources Sdn. Bhd. 40 2,605 - Wasco Process Engineering Sdn. Bhd. (formerly known as Jutasama Sdn. Bhd.) 4 7,823 - Petro-Pipe Industrial Corporation Sdn. Bhd. (33,350) - - Wasco Management Services Sdn. Bhd. (2,072) 179 - Wah Seong Management Services Sdn. Bhd. - 2,469 - Wasco AgroTech Sdn. Bhd. (formerly known as PMT Industries Sdn. Bhd.) - 181 - Petro-Pipe Industries (M) Sdn. Bhd. - (20,000) - Syn Tai Hung Trading Sdn. Bhd. - (2,409) Compensation of key management personnel are as follows: Group Company 2023 2022 2023 2022 RM’000 RM’000 RM’000 RM’000 Key management personnel: - short-term employee benefits (including monetary value of benefits-in-kind) 12,932 12,009 - 3,896 - post-employment benefits 658 932 - 454 In addition to the amounts disclosed above, the Group and the Company made a provision of RM3,977,000 and RM31,000 (2022: a provision of RM2,519,000 and 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 RM17,567,000 and RM31,000 (2022: RM15,460,000 and RM5,430,000) for the Group and the Company respectively. Integrated Annual Report 2023 268
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