36 SIGNIFICANT RELATED PARTY DISCLOSURES (CONTINUED)
(b) Key management personnel compensation
Key management personnel are defined as those persons having authority and responsibility for planning, directing and
controlling the activities of the Company whether directly or indirectly. The key management personnel of the Company
comprise Directors and the Executive Committee of the Company. Details on the compensation for these key
management personnel are disclosed as below:
Group
Company
2015
RM’000
2014
RM’000
2015
RM’000
2014
RM’000
Directors’ remuneration (Note 11)
5,041
2,656
4,855
2,178
Salaries, allowances and bonus
3,348
3,044
3,348
3,044
Contribution to defined contribution plan
362
329
362
329
Share based payments
1,006
-
1,006
-
9,757
6,029
9,571
5,551
37 NON-CANCELLABLE OPERATING LEASE COMMITMENTS
The future minimum lease payments under non-cancellable operating leases are as follows:
Group
2015
RM’000
2014
RM’000
Represented by:
Not later than 1 year
104,161
100,920
Later than 1 year and not later than 2 years
104,654
116,702
Later than 2 years and not later than 5 years
314,949
249,981
Later than 5 years
2,428,395
280,583
2,952,159
748,186
The Group has entered into contractual agreements with Amanah Raya Berhad (as Trustee for Al-‘Aqar Healthcare REIT) and
Damansara REIT Managers Sdn Bhd to lease certain 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.
Contingent rent recognised as an expense during the financial year amounted to RM29,000. Contingent rent related to the
incremental rental payable every 3 years is based on the adjusted risk free government security rate but subject to a minimum
yield of the market value of the property.
320
NOTES TO THE
FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015 (CONTINUED)
