233 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 ACCOUNTABILITY (FINANCIAL STATEMENTS) 10. Employee benefits expenses Group Company 2023 RM million 2022 RM million 2023 RM million 2022 RM million Included in: Cost of sales (Note 7) 90 57 - - Administrative expenses (Note 9) 140 141 42 59 230 198 42 59 Analysed as follows: Wages, salaries and bonuses 187 147 34 46 Social security contributions 13 9 - - Contributions to defined contribution plan 10 7 4 3 Share-based payments (Note 29(c)) (8) 22 - 8 Other benefits 28 13 4 2 230 198 42 59 Included in employee benefits expenses of the Group and of the Company are remuneration of Directors as disclosed in Note 11. 11. Directors’ remuneration Group Company 2023 RM million 2022 RM million 2023 RM million 2022 RM million Executive directors’ remuneration: - Salaries and bonuses 12 10 12 10 - Contributions to defined contribution plan 2 2 2 2 - Share-based payments (10) 18 (10) 18 - Other emoluments 1 - 1 - 5 30 5 30 Non-executive directors’ remuneration: - Fees 2 2 2 2 Total directors’ remuneration 7 32 7 32 Additional disclosures Indemnity given or insurance effected for the Directors and officers 2 1 2 1 Included in salaries and bonuses is the reversal of performance bonus of RM10 million (2022: charge of RM17 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 aggregate, below RM1 million.
RkJQdWJsaXNoZXIy NDgzMzc=