Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 136 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 25. TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES (CONT’D) (a) Defined benefit plan – Taiwan (Cont’d) Actuarial gains and losses recognised directly in other comprehensive income:- The Group 2021 2020 RM RM Actuarial losses recognised during the year (29,996) (67,398) The Group’s defined benefit plan based on the actuarial valuation performed by an independent actuary adopting the Projected Unit Credit With Service Increment method, with the following principal actuarial assumptions:- The Group 2021 2020 i) Retirement age 65 65 ii) Disability rate (per annum) 10% of 10% of mortality rate mortality rate iii) Discount rate (per annum) 0.50% 0.50% iv) Expected rate of salary increases (per annum) 2.75% 2.75% The Group 2021 2020 (Decrease)/ (Decrease)/ Increase Increase Effect on defined benefit obligations RM RM Discount rate (per annum) - strengthened by 0.25% (339,037) (344,283) - weakened by 0.25% 355,146 361,319 Expected rate of salary increases (per annum) - strengthened by 0.25% 342,008 347,984 - weakened by 0.25% (328,432) (333,560)
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