Basic HTML Version
233
Gamuda Berhad (29579-T) • Annual Report 2012
41. Significant related party transactions (cont’d.)
(b)
Compensation of key management personnel (“KMP”):
Key management personnel are those persons having authority and responsibility for planning, directing, and
controlling the activities of the entity either directly or indirectly.
The remuneration of key management personnel during the year was as follows:
Total KMPs’ remuneration
Group
Company
2012
2011
2012
2011
RM’000
RM’000
RM’000
RM’000
Total
8,777
8,347
6,251
6,079
For the details of Board of Directors’ remuneration, please refer to Note 6.
42. Significant events
(a)
Project Delivery Partner in respect of the implementation of the Klang Valley Mass Rapid Transit Project
MMCGamuda KVMRT (PDP) Sdn Bhd had on 10 February 2012 executed the Project Delivery Partner Agreement
with Mass Rapid Transit Corporation Sdn Bhd in respect of the implementation of the project known as the
Klang Valley Mass Rapid Transit Project - Sungai Buloh - Kajang Line. MMC Gamuda KVMRT (PDP) Sdn Bhd
shall be responsible for delivering to the owner the Project as a fully functional and operating railway system
within the agreed target cost and completion date.
(b)
Underground Works Package of the Klang Valley Mass Rapid Transit Project
on 19 April 2012, MMC Gamuda KVMRT (T) Sdn Bhd was awarded the Underground Works Package fromMass
Rapid Transit Corporation Sdn Bhd for a contract price of RM8.28 billion. The Underground Works Package
comprises the design and construction of a 9.5km twin bore tunnel and 7 underground stations.
NoTES To ThE FINANCIAL STATEMENTS
31 July 2012