5. PROFIT/(LOSS) BEFORE TAXATION (CONT’D.) (a) Impairment provisions Group Corporation 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Ships, offshore floating assets and other property, plant and equipment (Note 14) 102,968 318,868 52,774 10,444 Right-of-use assets (Note 14) 8,942 2,292 – – Non-current assets held for sale written down (Note 25) – 10,216 – – Investments in subsidiaries (Note 17) – – 5,187 26,627 111,910 331,376 57,961 37,071 6. STAFF COSTS Group Corporation 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Wages, salaries and bonuses 1,362,220 1,445,251 258,850 229,877 Contributions to defined contribution plans 86,206 95,510 26,363 21,578 Social security costs 7,442 9,117 837 631 Other staff related expenses 212,644 225,409 37,833 18,333 1,668,512 1,775,287 323,883 270,419 Included in staff costs of the Group and of the Corporation are executive director’s remuneration (excluding benefits-in-kind) amounting to RM3,003,000 (2020: RM3,107,000) respectively as further disclosed in Note 7. 7. DIRECTORS’ REMUNERATION The details of remuneration receivable by directors of the Corporation during the financial year are as follows: Group Corporation 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Executive: Salaries and other emoluments 1,700 1,700 1,700 1,700 Bonus 595 690 595 690 Defined contribution plans 708 717 708 717 Total executive directors’ remuneration (excluding benefits-in-kind) 3,003 3,107 3,003 3,107 Estimated money value of benefits-in-kind 150 78 150 78 Total executive directors’ remuneration (including benefits-in-kind) 3,153 3,185 3,153 3,185 Non-executive directors’ remuneration: Fees 1,664 1,185 1,664 1,185 Fees from subsidiaries 541 554 – – Total non-executive directors’ remuneration (Note 5) 2,205 1,739 1,664 1,185 Total directors’ remuneration including benefits-in-kind (Note 33(g)) 5,358 4,924 4,817 4,370 The number of directors of the Corporation whose total remuneration during the financial year fell within the following bands is analysed below: Number of directors 2021 2020 Executive director: RM3,150,001 - RM3,200,000 1 1 Non-executive directors*: RM1 - RM50,000 – 4 RM50,001 - RM100,000 1 – RM100,001 - RM150,000 1 – RM150,001 - RM200,000 4 2 RM200,001 - RM250,000 1 2 RM250,001 - RM300,000 1 – RM700,001 - RM750,000 1 – RM750,001 - RM800,000 – 1 9 9 * Excludes the directors of the Corporation whose fees are paid directly to the immediate holding company of the Corporation, PETRONAS. NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 MISC Berhad 346 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 347 FINANCIAL STATEMENTS FINANCIAL STATEMENTS
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