33. SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED)
(a) Significant related party transactions (continued)
Paid/payable to/(received/
receivable from) from an associate
Group
Type of transactions
2014
2013
RM’000
RM’000
Al-’Aqar Healthcare REIT
Disposal of land
3,590
–
Rental expense
101,451
100,367
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 financial year end are
disclosed in
Notes 22
and
25
.
(b) Key management personnel compensation
Group/Company
2014
2013
RM’0
RM’000
RM’000
Salaries, allowances and bonus
3,044
2,653
Contribution to defined contribution plan
329
296
3,373
2,949
One of the directors of the Group and of the Company is part of 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
2014
2013
RM’0
RM’000
RM’000
Represented by:
Not later than 1 year
100,920
81,704
Later than 1 year but not later than 2 years
116,702
118,751
Later than 2 years but not later than 5 years
249,981
233,073
Later than 5 years
280,583
428,879
748,186
862,407
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 fifteen years, with an option to renew for another fifteen years subject to terms and conditions as stipulated in the
agreement.
283
Notes to the
Financial Statements
For the financial year ended 31 December 2014 (continued)
KPJ Healthcare Berhad annual report
2014
