Wah Seong Corporation Berhad Annual Report 2019

173 ANNUAL REPORT 2019 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 41 DIRECTORS’ REMUNERATIONS Group Company 2019 2018 2019 2018 RM’000 RM’000 RM’000 RM’000 Executive Directors Salaries, wages and bonus 8,714 8,984 3,310 3,030 Defined contribution plan 674 674 398 364 Directors’ fees 120 80 120 80 Directors’ allowances 24 18 24 18 9,532 9,756 3,852 3,492 Non-Executive Directors Directors’ fees 390 250 390 250 Directors’ allowances 129 80 129 78 519 330 519 328 10,051 10,086 4,371 3,820 The estimated monetary value of benefits-in-kind received and receivable by Directors of the Group and the Company are RM545,000 (2018: RM442,000) and RM79,000 (2018: RM155,000) respectively. 42 COMMITMENTS (a) Capital commitments Capital expenditure as at the reporting date is as follows: Group 2019 2018 RM’000 RM’000 Commitment to acquire property, plant and equipment not provided for in the financial statements: Approved and contracted 6,325 606 (b) Operating lease commitments - The Group as lessee As at 31 December 2018 In addition to the prepaid lease payments disclosed in Note 6, 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 RM’000 Payable not later than one year 21,565 Payable later than one year but not later than five years 64,505 Payable later than five years 173,867 259,937