Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 140 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 25. TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES (CONT’D) (a) Defined benefit plan – Taiwan (Cont’d) Movement in the present value of defined benefit obligations: The Group 2022 2021 RM RM At 1 January 9,630,217 9,285,133 Current service costs and interest 47,447 58,943 Actuarial (gain)/loss in other comprehensive income (1,279,508) 130,309 Defined plan payable (69,953) (324,672) Exchange difference (381,241) 480,504 At 31 December 7,946,962 9,630,217 Movement in the fair value of plan assets: The Group 2022 2021 RM RM At 1 January 7,497,560 7,127,926 Expected return on plan assets 37,419 36,624 Actuarial gains in other comprehensive income 588,065 92,814 Contribution paid into the plan 195,176 194,398 Defined plan payable (69,953) (324,672) Exchange difference (348,613) 370,470 At 31 December 7,899,654 7,497,560 Expenses recognised in profit or loss: The Group 2022 2021 RM RM Current service costs and interests 47,447 58,943 Expected return on plan assets (37,419) (36,624) Net benefit expense 10,028 22,319 Actuarial gains and losses recognised directly in other comprehensive income: The Group 2022 2021 RM RM Actuarial gains/(losses) recognised during the year 1,494,058 (29,996)
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