GHL System Berhad Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 99 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 7. EMPLOYEE BENEFITS Group Company 2019 2018 2019 2018 RM RM RM RM Salaries and bonuses 61,384,901 47,926,607 9,683,731 7,806,931 Contributions to defined contribution plan 6,556,016 5,004,629 1,079,761 873,782 Social security contributions 469,429 482,982 49,826 44,168 Share options granted under ESS 1,518,227 1,018,945 567,115 375,097 Other benefits 3,174,645 5,151,189 550,016 377,876 73,103,218 59,584,352 11,930,449 9,477,854 Included in the employee benefits of the Group and of the Company are Executive Directors’ remuneration as disclosed in Note 8. 8. DIRECTORS’ REMUNERATION Group and Company 2019 2018 RM RM Directors of the Company: Executive: Salaries, bonus and allowances 1,625,000 1,020,000 Defined contribution plan 195,000 122,400 Social security contributions 923 923 Non-Executive: Fees 284,080 250,200 Allowances 33,900 49,490 Bonus - 28,500 Total 2,138,903 1,471,513 The estimated monetary value of benefits-in-kind received by the Directors otherwise than in cash from the Group and from the Company amounted to RM7,200 (2018: RM7,200).