PSA International Pte Ltd Annual Report 2010
N otes to the Financial Statements
Year ended 31 December 2010
As at the reporting dates, the Group has the following commitments:
Capital commitments which have been authorised and contracted but not provided for in the financial statements
Non-cancellable operating lease commitments payable: Within 1 year
After 1 year but within 5 years After 5 years
The Group leases a number of office premises under operating leases. The leases run over various periods with some leases containing an option to renew the lease after that date. Lease terms are reviewed at renewal of leases.
Key management personnel compensation
Key management personnel of the Group are those persons having authority and responsibility for planning, directing and controlling the activities of the Group. The Board of Directors and Senior Management Council of the Company are considered as key management personnel of the Group.
Key management personnel compensation comprises:
Directors’ fees Senior management council remuneration
Comprises short-term employment benefits