cont'd - KNM Steel Sdn Bhd

KNM GROUP BERHAD I Annual Report 201299Notes to the Financial Statements (cont’d)27. Related parties (Cont’d)GroupCompany2012 2011 2012 2011RM’000 RM’000 RM’000 RM’000E. Key management personnelDirectors- Fees 890 853 890 853- Remuneration 3,125 3,411 2,611 2,720- Employee benefits(including estimated monetaryvalue of benefit-in-kind) 38 50 38 504,053 4,314 3,539 3,623Subsidiaries directors- Short-term employee benefits 7,726 8,666 - -Other key management personnel- Short-term employee benefits 4,658 4,875 - -16,437 17,855 3,539 3,623Other key management personnel comprise persons other than the Directors of Group entities, havingauthority and responsibility for planning, directing and controlling the activities of the Group entities eitherdirectly or indirectly.Significant related party balances related to the above transactions are disclosed in Notes 5,10,12,19. Thereare no impairment loss and bad debts written off in respect of its amount due from related parties.28. Financial instruments28.1 Categories of financial instrumentsThe table below provides an analysis of financial instruments categorised as follows:(a)(b)(c)(d)Loans and receivables (“L&R”);Fair value through profit or loss (“FVTPL”);- Held for trading (“HFT”), orAvailable-for-sale financial assets (“AFS”); andFinancial liabilities measured at amortised cost (“FL”).