Annual Report 2011 - The Malaysian Institute Of Certified Public ...

106Financial StatementPresident’s Statement(b)Fees paid by Council Members2011 2010RM RMMembers’ annual fees 17,300 17,130Practising certificate fees 12,100 11,55029,400 28,680(c)Key management personnel compensationKey management personnel are those persons having authority and responsibility for planning, directingand controlling the activities of the Institute either directly or indirectly. The key management personnel ofthe Institute are the Council Members and the Secretary and their remuneration for the financial year are asfollows:2011 2010RM RMShort-term employees benefits 319,200 288,200Post-employment benefits- contribution to Employees Provident Fund 47,880 52,050367,080 340,250The development costs of study manuals paid to a Council Member is disclosed in Note 6 to the financialstatements.The year-end outstanding balance in relation to compensation payable to key management personnel is asfollows:2011 2010RM RMIncluded in payables and accruals 60,000 53,000