Page 30 - NYAA FY2024
P. 30
Docusign Envelope ID: F067D57E-6E60-4F26-8227-97F17DC4DBB9
NATIONAL YOUTH ACHIEVEMENT AWARD ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2024
14. Financial risk management (continued)
(e) Financial instruments by category
The aggregate carrying amounts of loans and receivables and financial
liabilities at amortised cost are as follows:
2024 2023
$ $
Financial assets, at amortised cost 497,277 368,376
Financial liabilities, at amortised cost (199,981) (431,308)
15. Related party transactions
There are no other related party transactions except as disclosed in the notes to the
financial statements.
Key management personnel compensation is as follows:
2024 2023
$ $
Wages and salaries 436,590 401,940
Post-employment benefit - contribution to CPF 20,569 18,407
Other short-term benefits 12,000 12,000
469,159 432,347
The following information relates to the remuneration of the key management of the
Association during the financial year:
The number of key management personnel of the Association in remuneration
bands:
2024 2023
$100,000 - $149,999 - -
$150,000 - $199,999 1 1
$200,000 - $249,999 1 1
Total 2 2
28
