Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2023 134 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 26. TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES (CONT’D) (a) Defined benefit plan – Taiwan (Cont’d) Movement in the fair value of plan assets: The Group 2023 2022 RM RM At 1 January 7,899,654 7,497,560 Return on plan assets 120,468 37,419 Actuarial (loss)/gain in other comprehensive income (4,619) 588,065 Contribution paid into the plan 49,392 195,176 Defined benefit paid (7,323,706) - Defined plan payable - (69,953) Exchange difference 142,570 (348,613) At 31 December 883,759 7,899,654 Expenses recognised in profit or loss: The Group 2023 2022 RM RM Current service costs and interests 121,070 47,447 Gain on settlement (690,993) - Return on plan assets (120,468) (37,419) Net benefit expense (690,391) 10,028 Actuarial gains recognised directly in other comprehensive income: The Group 2023 2022 RM RM Actuarial gains recognised during the year 127,054 1,494,058
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