93 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 CONT’D 6. PROFIT BEFORE TAXATION (Cont’d) (a) Dividend income Dividend income is recognised when the right to receive payment is established. (b) Interest income Interest income is recognised as on a time proportion basis that reflects the effective yield on assets. 7. EMPLOYEE BENEFITS Group Company 2021 2020 2021 2020 RM RM RM RM Salaries and bonuses 62,799,587 61,630,708 12,165,302 10,107,153 Contributions to defined contribution plan 5,951,328 6,587,072 1,040,978 1,123,559 Social security contributions 685,077 615,056 51,022 51,325 Share options granted under ESS - 287,229 - 107,568 Other benefits 1,661,853 3,267,296 1,199,376 382,680 71,097,845 72,387,361 14,456,678 11,772,285 Included in the employee benefits of the Group and of the Company are Executive Directors’ remuneration as disclosed in Note 8 to the financial statements. 8. DIRECTORS’ REMUNERATION Group Company 2021 2020 2021 2020 RM RM RM RM Directors of the Group and the Company: Executive: Salaries, bonus and allowances 3,314,112 1,650,000 2,794,112 1,650,000 Defined contribution plan 278,400 198,000 216,000 198,000 Social security contributions 2,918 923 1,071 923 Non-Executive: Fees 276,000 240,000 276,000 240,000 Allowances 69,000 43,500 69,000 43,500 Total 3,940,430 2,132,423 3,356,183 2,132,423 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 RM74,138 (2020: RM53,500) and RM14,988 (2020: RM7,200) respectively.
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