Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 143 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 25. TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES (CONT’D) (b) Defined benefit plan – Philippines (Cont’d) The Group 2022 2021 (Decrease)/ (Decrease)/ Increase Increase Effect on defined benefit obligations RM RM Discount rate (per annum) - strengthened by 1% (4,782) (5,142) - weakened by 1% 5,140 5,550 Expected rate of salary increases (per annum) - strengthened by 1% 5,346 5,660 - weakened by 1% (5,054) (5,336) (c) Defined benefit plan – Indonesia The Group conforms to the obligations relating to the employee benefits due under the prevailing law and regulations. Movement in the present value of defined benefit obligations: The Group 2022 2021 RM RM At 1 January 498,194 456,377 Current service costs and interest 63,721 83,941 Actuarial gains in other comprehensive income (50,925) (44,947) Defined plan payable - (571) Excess payment - (7,044) Exchange difference (19,471) 10,438 At 31 December 491,519 498,194 Expenses recognised in profit or loss: The Group 2022 2021 RM RM Current service costs and interests 63,721 83,941
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