UEM EDGENTA BERHAD ANNUAL REPORT 2021 1 2 3 4 5 6 7 225 224 NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS FINANCIAL STATEMENTS 7. PROFIT/(LOSS) BEFORE TAX (CONTD.) The following amounts have been charged/(credited) in arriving at profit/(loss) before tax: (contd.) Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Intangible asset written off (Note 15) 246 4 - - Provision for ECL on trade and other receivables (Note 20) 2,328 1,936 1,584 2,251 Bad debts written off 8 4,987 - - Impairment loss on investment in a subsidiary (Note 16(b)) - - 40,350 47,600 Properties held for sale written down (Note 19) - 50,000 - - Impairment loss on property, plant and equipment (Note 13) - 2,938 - - Net foreign exchange loss: - realised 149 95 42 - - unrealised 136 92 13 - 8. EMPLOYEE BENEFITS EXPENSE Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Wages and salaries 753,682 673,503 52,257 45,165 Contributions to statutory Employees Provident Fund (“EPF”) 76,360 69,885 8,151 6,876 Social security contributions 2,808 2,996 352 383 Retirement benefit obligations (Note 24) (121) 353 - - Decrease in liability for defined benefit pension plan (Note 25) (125) (348) - - Employees’ service entitlements (Note 26(a)) 621 564 - - Staff rationalisation cost 12,619 - - - Other benefits 185,296 160,327 7,827 8,295 Total employee benefits recognised in profit or loss (Note 7) 1,031,140 907,280 68,587 60,719 Included in employee benefits expense of the Group and of the Company are executive directors’ remuneration excluding benefits-in-kind amounting to RM1.3 million (2020: RM1.9 million) as further disclosed in Note 9. 9. DIRECTORS’ REMUNERATION Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Directors of the Company Executive: Salaries and other emoluments 1,020 798 1,020 798 Bonus 85 708 85 708 Contributions to defined contribution plans 171 219 171 219 Allowances 50 127 50 127 Benefits-in-kind 30 24 30 24 1,356 1,876 1,356 1,876 Non-Executive: Fees 1,299 1,283 1,299 1,283 Allowance 16 - 16 - Benefits-in-kind 41 41 41 41 1,356 1,324 1,356 1,324 Total 2,712 3,200 2,712 3,200 Total excluding benefits-in-kind 2,641 3,135 2,641 3,135 Analysis excluding benefits-in-kind: Total executive directors’ remuneration excluding benefits-in-kind (Note 8) 1,326 1,852 1,326 1,852 Total non-executive directors’ remuneration excluding benefits-in-kind (Note 7) 1,315 1,283 1,315 1,283 Total directors’ remuneration excluding benefits-in-kind 2,641 3,135 2,641 3,135
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