Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 349 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 33. DEFINED BENEFIT PENSION PLANS (CONTD.) (b) Unfunded defined benefit plans (contd.) The principal assumptions used in determining defined benefit obligation of the Group are shown below: Group 2023 % 2022 % Discount rate 4.55 - 4.75 - Salary increment rate 4.75 - 5.00 - A quantitative sensitivity analysis for significant assumptions as at 31 December 2023 and 2022 are as shown below: Sensitivity level Increase in one percentage Decrease in one percentage 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Assumptions Discount rate (153) - 172 - Salary increase 182 - (165) - The average duration of the defined benefit obligation at the end of the reporting period is between 6.24 to 10.52 years. 34. PROVISIONS Group 2023 RM’000 2022 RM’000 Non-current: Provision for employee service entitlements (Note a) 4,132 4,280 Current: Provision for long term incentive plan (Note b) - 1,620 Total 4,132 5,900
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