Section 6 UEM Edgenta Berhad ENHANCING VALUE THROUGH SUSTAINABILITY 124 OUTLOOK Looking ahead, we are committed to expanding our market presence and fostering socio-economic growth in both new and existing regions. This involves harnessing technology-driven infrastructure and facilities management solutions to drive strategic growth initiatives. Additionally, we will continue to contribute to local economies and enhance community welfare through the creation of jobs and sustainable economic development, with a particular focus on high-growth sectors such as healthcare and public infrastructure to deliver impactful and sustainable solutions. Our focus on innovation and sustainability will remain steadfast, aligning with evolving global trends and meeting market demands effectively. Through strategic investments and the adoption of sustainable practices, we aim to support development initiatives and deliver long-term value to all stakeholders. SUSTAINABLE ECONOMIC GROWTH C. Economic Value Retained Defined benefit plan obligations and other retirement plans Direct Economic Value Generated Less Economic Value Distributed (RM million) 2023 70.5 2020 : 69.9 2021 : 76.4 2022 : 78.0 Defined Contribution Plan (RM million) 2023 80.2 2020 : 4.3 2021 : 3.7 2022 : 2.8 Defined Benefit Plan (RM million) 2023 4.4 A way to return value to our employees is by contributing towards their retirement plans. We maintain the following two schemes: i. Defined Contribution Plan Post-employment benefit plans under which the Group pays fixed contributions into separate entities or funds, as required by respective countries’ employment acts. The Group will have no legal or constructive obligation to pay further contributions if any of the funds do not hold sufficient assets to pay all employee benefits relating to employee services in the current and preceding financial years. Pension liabilities are calculated based on a contractual rate against employees’ salaries as stipulated in the employment contract. This is a mandatory plan to be observed by the Company. ii. Defined Benefit Plan Voluntary contributions that are not mandated by the countries’ employment acts are made entirely by the employer when the employees become eligible for the pension scheme. The pension assets and liabilities are valued on annual basis by independent actuary. Pension liabilities are calculated based on the actuarial present value of the benefits payable to the employees when certain conditions are met, (example: reached retirement age, predetermined number of years of services or death). The present value of the liabilities takes into accounts on estimated salary increase, discount/inflation rate and mortality rate. This is a voluntary scheme and is currently exercised in some of the companies within UEM Edgenta, namely Edgenta Mediserve Sdn. Bhd., Edgenta UEMS Ltd. (“UEMS Taiwan”), Edgenta Arabia Ltd. and MEEM for Facilities Management Company (“MEEM”). 2020 2021 2022 2020 2021 2022 2020 2021 2022 2020 : 15.4 2021 : 103.3 2022 : 75.0
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