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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
7.
PROFIT BEFORE TAX (CONT’D)
Profit before tax is arrived at after crediting/(charging) the following: (Cont’d)
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Directors’ remuneration:
Fees:
Executive Directors
(33,900)
(30,930)
-
-
Non-executive Directors
(136,919)
(130,402)
(136,919)
(130,402)
Salaries and other emoluments:
Executive Directors
(3,195,381)
(3,038,700)
(103,646)
(90,710)
Auditors’ remuneration
- current year
(604,982)
(569,168)
(87,000)
(77,000)
- overprovision in prior year
(7,500)
-
-
-
Property, plant and equipment
written off
(2,919,978)
(325,553)
-
-
Allowance for impairment loss
on plant and equipment
(1,713,303)
(963,857)
-
-
Allowance for impairment losses
on receivables
(294,518)
(823,534)
-
-
Impairment loss on investment
in subsidiaries
-
-
(441,468)
(215,187)
Inventories written down to net
realisable value
(52,272)
(937,972)
-
-
Inventories written off
(146,823)
-
-
-
Loss on disposal of investment in
a subsidiary
(1,870,011)
-
(323,468)
-
Bad debts written off
-
(427,195)
-
-
(a)
Staff costs
Staff costs include salaries, bonuses, contributions to statutory defined contribution plans, defined benefits plan
and all other staff related expenses. Contributions to statutory defined contribution plans and defined benefits
plan, included in staff costs, made by the Group and by the Company during the financial year are as follows:
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Defined contribution plan
4,279,039
4,020,555
89,120
82,257
Defined benefits plan
1,436,631
504,831
-
-
(b)
Key management personnel compensation
The remuneration of the members of key management is as follows:
The Group
The Company
2015
2014
2015
2014
RM
RM
RM
RM
Short-term employee benefits
8,930,849
7,327,250
361,302
395,744
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)