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Annual Report 2013
KPJ HEALTHCARE BERHAD
246
33.
Signi cant related party disclosures (continued)
(a)
Signi cant related party transactions (continued)
Management fees charged to subsidiaries are in respect of operational and administrative function of the subsidiaries which are
performed by employees of the Company.
Information regarding outstanding balances arising from related party transactions as at the nancial year end are disclosed in
Notes 23 and 26.
(b)
Key management personnel compensation
Group/Company
2013
2012
RM’000
RM’000
Salaries, allowances and bonus
3,087
3,144
Contribution to de ned contribution plan
520
680
3,607
3,824
The Directors of the Group and of the Company are the key management personnel of the Group and of the Company. The details
of directors’ remuneration are disclosed in Note 8.
34.
Non-cancellable operating lease commitments
The future minimum lease payments under non-cancellable operating leases are as follows:
Group
2013
2012
RM’000
RM’000
Represented by:
Not later than 1 year
81,704
71,527
Later than 1 year but not later than 2 years
118,751
71,457
Later than 2 years but not later than 5 years
233,073
248,031
Later than 5 years
428,879
479,790
862,407
870,805
The Group has entered into a contractual agreement with AmanahRaya Trustees Berhad (as Trustee for Al-’Aqar Healthcare REIT) and
Damansara REIT Managers Sdn Bhd to lease the hospital land and buildings including certain equipment for a period of fteen years, with
an option to renew for another fteen years subject to terms and conditions as stipulated in the agreement.
Notes to the
Financial Statements
For the financial year ended 31 December 2013
(continued)