Frontken Berhad Annual Report 2019

115 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 28. TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES (CONT’D) (c) Defined benefit plan – Indonesia (Cont’d) Actuarial gains and losses recognised directly in other comprehensive income:- The Group 2019 2018 RM RM Actuarial gains recognised during the year 82,270 145,768 The Group defined benefit plan based on the actuarial valuation performed by an independent actuary adopting the Projected Unit Credit method, with the following principal actuarial assumptions:- The Group 2019 2018 i) Retirement age 55 55 ii) Disability rate (per annum) 1% of 1% of mortality rate mortality rate iii) Discount rate (per annum) 7.10% 8.20% iv) Expected rate of salary increases (per annum) 8.00% 10.00% The Group 2019 2018 (Decrease)/ (Decrease)/ Increase Increase RM RM Effect on defined benefit obligations Discount rate (per annum) - strengthened by 1% (18,159) (32,677) - weakened by 1% 20,216 37,682 Expected rate of salary increases (per annum) - strengthened by 1% 23,319 40,970 - weakened by 1% (21,257) (36,094) Notes To The Financial Statements (cont’d)