Boustead Plantations Berhad - page 123

31. Significant related party transactions (CONT’D.)
Related party balances with the Immediate Holding Company and Subsidiaries are referred to in Notes 19 and
27.
Government-related entities
Balances with financial institutions which are Government-related entities as at year end are as follows:
Group
Company
2015
2014
2015
2014
RM’000
RM’000
RM’000
RM’000
Bank balances and Islamic deposits
78,324
122,777
77,785
122,156
Revolving credits
250,000
250,000
250,000
250,000
Bank overdraft
-
52
-
-
Key management personnel
The remuneration of key management personnel for the financial year is as follows:
Group
2015
2014
RM’000
RM’000
Short term employee benefits
4,532
4,559
Defined contribution plans
662
586
5,194
5,145
The Directors are of the opinion that related party transactions are in the normal course of business and at
terms mutually agreed between the parties.
an n ual repo rt 2015
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