35. KEY MANAGEMENT PERSONNEL Key management personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. The key management personnel include all the Directors of the Group, and certain management members of the Group. The compensation for key management personnel other than the Directors’ remuneration is as follows: Group and Bank 2023 RM’000 2022 RM’000 Other key management personnel: Short-term employee benefits 19,460 18,382 Number of employees categorised as key management personnel as at 31 December 2023 was 17 (2022: 19). 36. FINANCE COST Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Finance cost: Subordinated Sukuk and capital securities 95,336 90,375 95,336 90,375 Profit expense on lease 16,213 16,796 16,197 16,781 111,549 107,171 111,533 107,156 37. TAX EXPENSE Group Bank 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Malaysian income tax: Current year 188,737 234,758 188,232 234,063 Under/(Over) provision in prior year 5,596 (282) 5,613 (261) 194,333 234,476 193,845 233,802 Deferred tax expense relating to origination and reversal of temporary differences arising from: Current year (8,630) 6,567 (8,630) 6,567 (Over)/Under provision in prior year (3,468) 469 (3,429) – (12,098) 7,036 (12,059) 6,567 182,235 241,512 181,786 240,369 344 Notes to the Financial Statements for the financial year ended 31 December 2023 Bank Islam Malaysia Berhad ◆ Integrated Annual Report 2023
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