WASCO BERHAD 278 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 39 DIRECTORS’ REMUNERATION Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Executive Directors Salaries, wages and bonus 8,721 5,769 - - Defined contribution plan 486 316 - - Directors’ fees - 60 - 60 Directors’ allowances - 6 - 6 9,207 6,151 - 66 Non-Executive Directors Salaries, wages and bonus - 1,983 - 1,983 Defined contribution plan - 238 - 238 Directors’ fees 805 470 805 470 Directors’ allowances 122 172 122 172 927 2,863 927 2,863 10,134 9,014 927 2,929 The estimated monetary value of benefits-in-kind received and receivable by Directors of the Group and the Company are RM326,000 (2023: RM261,000) and RM Nil (2023: RM Nil) respectively. In addition to the amounts disclosed above, the Group have made a provision of RM2,382,000 (2023: RM3,899,000) for amounts payable to executive directors at the end of their employment for their services to the Group as part of their employment contract. With this, the total remuneration (including unpaid gratuity provision) amounted to RM12,516,000 and RM927,000 (2023: RM10,692,000 and RM708,000) for the Group and the Company respectively. 40 CAPITAL COMMITMENTS Capital expenditure as at the reporting date is as follows: Group 2024 RM’000 2023 RM’000 Commitment to acquire property, plant and equipment not provided for in the financial statements: Approved and contracted 47,378 47,037
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