Wah Seong Corporation Berhad Annual Report 2018

42 DIRECTORS’ REMUNERATIONS Group Company 2018 2017 2018 2017 RM’000 RM’000 RM’000 RM’000 Executive Directors Salaries, wages and bonus 8,984 6,817 3,030 2,184 Defined contribution plan 674 504 364 263 Directors’ fees 80 80 80 80 Directors’ allowances 18 18 18 18 9,756 7,419 3,492 2,545 Non-Executive Directors Directors’ fees 250 250 250 250 Directors’ allowances 80 78 78 78 330 328 328 328 10,086 7,747 3,820 2,873 The estimated monetary value of benefits-in-kind received and receivable by Directors of the Group and the Company are RM442,000 (2017: RM597,000) and RM155,000 (2017: RM156,000) respectively. 43 COMMITMENTS (a) Capital commitments Capital expenditure as at the reporting date is as follows: Group 2018 2017 RM’000 RM’000 Commitment to acquire property, plant and equipment not provided for in the financial statements: Approved and contracted 606 797 (b) Operating lease commitments - The Group as lessee In addition to the prepaid lease payments disclosed in Note 5, the Group has entered into commercial leases of land and operating equipment. These leases have an average tenure between 1 and 5 years with no renewal option or contingent rent provision included in the contracts. Future minimum rental payable under non-cancellable operating leases (excluding prepaid lease payments) at the reporting date are as follows: Group 2018 2017 RM’000 RM’000 Payable not later than one year 21,565 22,938 Payable later than one year but not later than five years 64,505 71,897 Payable later than five years 173,867 194,330 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 WAH SEONG CORPORATION BERHAD 164