Section 8 UEM Edgenta Berhad FINANCIAL STATEMENTS 302 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 8. EMPLOYEE BENEFITS EXPENSE Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Wages and salaries 883,161 805,536 52 8,613 Contributions to statutory Employees Provident Fund (“EPF”) 80,223 77,974 2 1,270 Social security contributions 3,250 2,961 - 89 Retirement benefit obligations (Note 32) (600) 411 - - Decrease in liability for defined benefit pension plan (Note 33) (10) (124) - - Employees’ service entitlements (Note 34(a)) 171 653 - - Staff rationalisation cost 1,596 12,672 - - Other benefits 204,558 186,506 44 3,982 Total employee benefits recognised in profit or loss (Note 7) 1,172,349 1,086,589 98 13,954 Included in employee benefits expense of the Group and the Company are executive directors’ remuneration, excluding benefits-in-kind, amounting to RM2.1 million (2022: RM1.5 million) and nil (2022: RM0.6 million), respectively as further disclosed in Note 9. 9. DIRECTORS’ REMUNERATION Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Directors of the Company Executive: Salaries and other emoluments 1,122 1,020 - 255 Bonus 680 255 - 255 Contributions to defined contribution plans 265 191 - 71 Allowances 50 50 - 13 Benefits-in-kind 26 28 - 7 2,143 1,544 - 601 Non-Executive: Fees 1,052 1,144 1,052 1,144 Allowances 50 53 50 53 1,102 1,197 1,102 1,197 Total 3,245 2,741 1,102 1,798 Total excluding benefits-in-kind 3,219 2,713 1,102 1,791
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