196 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 53 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED) (d) Key management compensation Key management personnel comprise of Directors and senior management with the rank of Vice President and above, having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. The aggregate amount of emoluments received/receivable by key management personnel of the Group and the Company during the financial year is as follows: Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Fees 2,000 2,070 1,860 1,930 Salaries and bonuses 33,043 34,995 17,447 21,080 Defined contribution and benefit plans 5,893 6,189 3,196 3,731 Other short-term employee benefits 6,184 6,721 3,562 3,798 47,120 49,975 26,065 30,539 (e) Loans due from subsidiaries Terms and conditions of the loans are disclosed in Note 33 to the financial statements. Company 2023 RM’000 2022 RM’000 At 1 January 207,011 216,830 Addition 1,238,897 864,573 Repayment (955,600) (874,392) At 31 December 490,308 207,011 (f) Issuance of letter of financial support letter The Company has confirmed its intention to provide continuing financial support to MSM Malaysia Holdings Berhad (“MSMH”), a direct listed subsidiary of the Company to enable MSMH and its subsidiaries to meet its liabilities as they fall due within the next twelve months from the date of the support letter, 25 March 2024.
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