Ntegrator International Ltd. - Annual Report 2020

94 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 25. Related party disclosures No transactions took place between the Group and related parties other than those disclosed elsewhere in the financial statements. Key management personnel compensation Key management personnel compensation representing directors and other key management personnel are as follows: Group 2020 2019 $ $ Salaries and bonuses 1,571 1,629 Employer’s contribution to defined contribution plan, including Central Provident Fund 51 60 Directors’ fees 184 177 1,806 1,866 Comprised amounts paid to: Directors of the Company 1,133 1,127 Other key management personnel 673 739 1,806 1,866 26. Segment information Management has determined the operating segments based on the reports reviewed by the Board of Directors that are used to make strategic decisions. The Board of Directors comprises of executive and non-executive directors. The Board of Directors considers the business from both a geographic and business segment perspective. Geographically, management manages and monitors the business in the three primary geographic areas namely, Singapore, Myanmar and Vietnam. All geographic locations are engaged in the project sales and project management and maintenance services. The Group is organised into two operating segments – Project sales and Project management and maintenance services. Project sales segment engages in integration of network infrastructure that enable the customers to communicate electronically within an organisation or with another organisation whether located in the same country or globally. It also provides the customers with seamless integration of a wide variety of voice and data signals used in large institutional telecom applications. Project management and maintenance services segment provides installation and implementation services of the network infrastructure or voice communication systems that have been purchased by the customers from the Group’s principals, and maintenance and support services mainly for the network infrastructure and voice communication systems. Allocation basis and transfer pricing Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise mainly corporate assets, liabilities and expenses. Transfer prices between business segments are set on an agreed terms basis in a manner similar to transactions with third parties. Segment revenue, expenses and results include transfers between business segments. These transfers are eliminated on consolidation. No disclosure and presentation of capital expenditure and depreciation of property, plant and equipment by business segments are made as the assets of the Group are used interchangeably by different business segments and therefore, it is not practicable to segregate the assets for disclosure purpose. The Board of Directors of the Company do not consider this information to be meaningful and this information is not used when making operating decisions about allocating resources to the business segment and assessing its performance.