MITRA-AnnualReport2011 (1.2MB).pdf - Announcements - Bursa ...

Notes to The Financial Statements (cont’d)
34. SIGNIfICANT RElATED pARTy TRANSACTIoNS (CoNT’D)
(b) Significant Related party Transactions and Balances (cont’d)
Company 2011 2010
Transactions with subsidiary companies:-
RM RM
Gross dividend income from:
- Daya Asfalt Sdn. Bhd. (200,000) (1,500,000)
- Pembinaan Mitrajaya Sdn. Bhd. (30,000,000) (5,000,000)
- Primaharta Development Sdn. Bhd. - (2,187,500)
Interest income from:
- Skyway Development Sdn. Bhd. (332,614) (1,314,928)
Individually significant outstanding balances arising during the financial year from transactions other than normal
trade transactions with related parties are as follows:-
Company
2011 2010
RM RM
Amount due from subsidiaries 208,179,740 200,161,363
Amount due to subsidiaries (22,192,487) (36,541,335)
(c) key Management personnel Remuneration
The remuneration of the key management personnel during the financial year is as follows:-
Group Company
2011 2010 2011 2010
RM RM RM RM
Salaries and allowances 3,009,795 3,221,240 50,700 -
Bonuses 531,072 674,665 - -
Fees 80,000 80,000 80,000 80,000
Others 132,682 148,770 - -
Total 3,753,549 4,124,675 130,700 80,000
Included in the key management personnel is:-
Group Company
2011 2010 2011 2010
RM RM RM RM
Directors' remuneration 3,097,789 3,498,887 130,700 80,000
Key management personnel are defined as the members of Board of Directors of the Company and its subsidiaries
whereby the authority and responsibility for planning, directing and controlling the activities of the Group and the
Company, directly or indirectly lies.
MITRAJAYA HOLDINGS BERHAD ANNUAL REPORT 2011
97