270 YINSON HOLDINGS BERHAD ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 10. Employee benefits expenses Group Company 2022 2021 2022 2021 RM million RM million RM million RM million Included in: Cost of sales (Note 7) 7 3 - - Administrative expenses (Note 9) 139 96 58 38 146 99 58 38 Analysed as follows: Wages, salaries and bonuses 103 79 46 30 Social security contributions 6 1 - - Contributions to defined contribution plan 7 6 3 2 Share-based payments (Note 29(c)) 22 9 8 4 Other benefits 8 4 1 2 146 99 58 38 Included in employee benefits expenses of the Group and of the Company are executive and non-executive directors’ remuneration as disclosed in Note 11. 11. Directors’ remuneration Group Company 2022 2021 2022 2021 RM million RM million RM million RM million Executive directors’ remuneration: - Salaries and bonuses 27 16 27 16 - Contributions to defined contribution plan 2 2 2 2 - Share-based payments 1 1 1 1 - Other emoluments - 1 - 1 30 20 30 20 Non-executive directors’ remuneration: - Fees 2 2 2 2 Total directors’ remuneration 32 22 32 22 Additional disclosures Indemnity given or insurance effected for the Directors and officers 1 1 1 1 Included in salaries and bonuses is the performance bonus of RM17 million (2021: RM7 million) accrued for an executive director in respect of the Performance Bonus Scheme under the LTIP (Note 29(b)). The amount of the performance bonus to be awarded and paid in cash is dependent upon whether the target points for daily share price and Award Conditions as set out in Note 29(b) are expected to be achieved at each annual assessment date within the performance period. Fees for executive directors and other emoluments for non-executive directors are not disclosed as the amounts are, in aggregrate, below RM1 million.
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