7 215 214 Notes to the Financial Statements Notes to the Financial Statements 33. RELATED PARTIES (CONTINUED) Significant related party transactions (continued) The key management personnel compensation are as follows: Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Directors of the Company - Fees 1,935 1,819 1,298 1,205 - Remuneration 19,043 17,633 39 37 - Other short-term employee benefits (including estimated monetary value of benefits-in-kind) 205 176 - - 21,183 19,628 1,337 1,242 Directors of subsidiaries - Fees 459 534 72 72 - Remuneration 11,026 10,988 - - - Other short-term employee benefits (including estimated monetary value of benefits-in-kind) 209 247 - - 11,694 11,769 72 72 32,877 31,397 1,409 1,314 34. SUBSIDIARIES The principal activities of the subsidiaries and the interest of QL Resources Berhad are as follows: Name of company Principal activities Effective ownership interest 2023 % 2022 % QL Feedingstuffs Sdn. Bhd. and its subsidiaries Investment holding and provision of management services 100 100 QL Agrofood Sdn. Bhd. Processing and sale of animal feeds, trading of raw materials for animal feeds, lubricants, foodstuffs and livestock 100 100 QL Agroventures Sdn. Bhd. Layer and broiler farming 100 100 Chingsan Development Sdn. Bhd. Property holding 100 100 QL Tawau Feedmill Sdn. Bhd. Manufacture and sale of animal feeds and providing chicken parts processing service 100 100 QL Feed Sdn. Bhd. Marketing and distribution of animal feed raw material and food grain 100 100 QL Realty Sdn. Bhd. and its subsidiaries Investment holding 100 100 PT. QL Trimitra(a) Integrated broiler farming and its related activities 100 100 34. SUBSIDIARIES (CONTINUED) Name of company Principal activities Effective ownership interest 2023 % 2022 % PT. QL Agrofood(a) Layer farming, broiler farming, breeder farming and feed milling 100 100 Pacific Vet Group (M) Sdn. Bhd. and its subsidiary Investment holding 95 90 QL Pacific Vet Group Sdn. Bhd. Trading of feed supplement, animal health food and agricultural products 95 90 QL AgroResources Sdn. Bhd. and its subsidiaries Investment holding, feed milling, selling and distribution of animal feeds, raw materials and other related products 100 100 QL Livestock Farming Sdn. Bhd. Poultry farming, selling and distribution of animal feeds, poultry and related products 100 100 Gelombang Elit (M) Sdn. Bhd. Property holding 100 100 QL TP Fertilizer Sdn. Bhd. Producing and selling organic fertilizer 51 51 QL Farms Sdn. Bhd. and its subsidiaries Layer and broiler farming, wholesale of frozen chicken parts, trading of goods, wholesale and distribution of rice flour, oil palm cultivation, manufacturing and sales of organic fertilizer, and investment holding 100 100 Adequate Triumph Sdn. Bhd. Property holding 100 100 QL Inter-Food Sdn. Bhd. Dormant 100 100 QL Breeder Farm Sdn. Bhd. Poultry breeding and farming and oil palm cultivation 100 100 Merkaya Sdn. Bhd. Property holding 100 100 QL Agrobio Sdn. Bhd. Commercial production and supply of biologically digested feeding raw materials 100 100 QL Ansan Poultry Farm Sdn. Bhd. and its subsidiaries Investment holding, poultry farming, and provision of ancillary transportation services 90 90 QL Rawang Poultry Farm Sdn. Bhd. Property holding 90 90 Haji Hussin Markom Sdn. Bhd. Dormant 54 54 QL Vietnam AgroResources Liability Limited Company(b) Poultry farming 100 100 QL International Pte. Ltd. Marketing and trading of animal raw materials 100 100 PT. QL Feed Indonesia(a) Trading of animal feed raw materials and related products 88 88 QL Palm Pellet Sdn. Bhd. Investment holding 90 90
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