GHL System Berhad Annual Report 2020

96 G H L S y s t e m S B e r h a d 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 CONT’D 7. EMPLOYEE BENEFITS Group Company 2020 2019 2020 2019 RM RM RM RM Salaries and bonuses 61,630,708 61,384,901 10,107,153 9,683,731 Contributions to defined contribution plan 6,587,072 6,556,016 1,123,559 1,079,761 Social security contributions 615,056 469,429 51,325 49,826 Share options granted under ESS 287,229 1,518,227 107,568 567,115 Other benefits 3,267,296 3,174,645 382,680 550,016 72,387,361 73,103,218 11,772,285 11,930,449 Included in the employee benefits of the Group and of the Company are Executive Directors’ remuneration as disclosed in Note 8 of the financial statements. 8. DIRECTORS’ REMUNERATION Group and Company 2020 2019 RM RM Directors of the Company: Executive: Salaries, bonus and allowances 1,650,000 1,625,000 Defined contribution plan 198,000 195,000 Social security contributions 923 923 Non-Executive: Fees 240,000 284,080 Allowances 43,500 33,900 Total 2,132,423 2,138,903 The estimated monetary value of benefits-in-kind received by the Directors otherwise than in cash from the Group and from the Company amounted to RM 7,200 (2019: RM7,200). 9. TAXATION Group Company 2020 2019 2020 2019 RM RM RM RM Current tax expense based on profit for the financial year from continuing operation: Malaysia income tax 7,764,374 9,438,109 - 13,898 Foreign income tax 3,788,293 3,052,840 - - Under/(Over)-provision in prior years 100,936 977,421 (13,898) (315,231) 11,653,603 13,468,370 (13,898) (301,333)