ANNUAL REPORT 2012 - Wawasan TKH Holdings Berhad

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WAWASAN TKH HOLDINGS BERHAD (540218-A)
ANNUAL REPORT 2012
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2012 (cont’d)
24. RELATED PARTY DISCLOSURES (cont’d)
(c) Compensation of key management personnel
Key management personnel are those persons having the authority and responsibility for planning,
directing and controlling the activities of the entity, directly and indirectly, including any Director (whether
executive or otherwise) of the Group and the Company.
The remunerations of Directors and other key management personnel during the financial year are as
follows:
Group
Company
2012 2011
2012 2011
RM’000 RM’000 RM’000 RM’000
Directors’ remuneration
- fees
- other emoluments
105
27
105
1,058
90
27
90
923
Other key management personnel
- short term employee benefits
132
1,690
1,163
2,002
117
466
1,013
532
1,822
3,165
583
1,545
25. OPERATING SEGMENTS
The Group has arrived at three (3) reportable segments that are organised and managed separately
according to the nature of products and services, specific expertise and technologies requirements, which
requires different business and marketing strategies. The reportable segments are summarised as follows:
(i)
Investment holding
(ii) Manufacturing disposable foodwares
(iii) Mining
The Group’s chief operating decision maker monitors the operating results of its business units separately
for the purpose of making decisions on resource allocation and performance assessment.
The accounting policies of operating segments are the same as those described in the summary of significant
accounting policies. The Group evaluates performance on the basis of profit or loss from operations before
tax excluding non-recurring losses such as restructuring costs and goodwill impairment.
Inter-segment revenue is priced on an arm’s length basis and is eliminated in the consolidated financial
statements. These policies have been applied consistently throughout the current and previous financial
years.
Segment assets exclude tax assets.
Segment liabilities exclude tax liabilities and deferred tax liabilities. Even though loans and borrowings arise
from financing activities rather than operating activities, they are allocated to the segments based on funding
requirements. Details are provided in the reconciliations from segment assets and liabilities to the position of
the Group.