279 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 ACCOUNTABILITY (FINANCIAL STATEMENTS) 37. Significant related party disclosures (continued) (c) Compensation to key management personnel (continued) Group Company 2023 RM million 2022 RM million 2023 RM million 2022 RM million - Salaries and bonuses 26 10 7 10 - Contributions to defined contribution plan 2 2 1 2 - Share-based payments (20) 18 (20) 18 - Other emoluments 3 - - - 11 30 (12) 30 Included in salaries and bonuses is the reversal of performance bonus of RM10 million (2022: charge of RM17 million) accrued for an executive director in respect of the Performance Bonus Scheme under the LTIP (Note 29(b)). The amount of the performance bonus to be awarded and paid in cash is dependent upon whether the target points for daily share price and Award Conditions as set out in Note 29(b) are expected to be achieved at each annual assessment date within the performance period. 38. Commitments (a) Capital commitments Group 2023 RM million 2022 RM million Approved and contracted for: Property, plant and equipment 160 147 (b) Operating lease commitments - Group as lessor The Group entered into leases for its FPSOs. These non-cancellable leases have remaining lease terms of 10 years (2022: between 0.5 to 11 years) and are subject to revision on the rental charge where contractually applicable. Future minimum rentals receivable under non-cancellable operating leases at the reporting date were as follows: Group 2023 RM million 2022 RM million Within 1 year 548 658 More than 1 year and less than 5 years 2,194 2,165 More than 5 years 2,375 2,884 5,117 5,707 Chartering fees from leasing of FPSOs recognised in profit or loss during the financial year are disclosed in Note 6.
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