MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 205 Financial Statements 5. PROFIT BEFORE TAXATION (CONT'D.) (a) Impairment provisions Group Corporation 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Ships and offshore floating assets (Note 12) 642,298 218,402 227,431 9,433 Other property, plant and equipment (Note 12) - 140,255 - - Non-current assets held for sale written down (Note 24) 42,514 - - - Investments in subsidiaries (Note 15) - - 129,452 - Other investments 2,681 - 2,681 - 687,493 358,657 359,564 9,433 6. STAFF COSTS Group Corporation 2017 RM'000 2016 RM'000 2017 RM'000 2016 RM'000 Wages, salaries and bonuses 926,867 1,331,123 185,633 241,869 Contributions to defined contribution plans 64,028 79,875 18,228 28,155 Social security costs 3,828 5,250 370 677 Reversal of provision for termination benefits - (1,935) - (1,935) Other staff related expenses 138,240 147,068 35,077 48,140 1,132,963 1,561,381 239,308 316,906 Included in staff costs of the Group and of the Corporation are executive director's remuneration amounting to RM2,445,000 (2016: RM2,870,000) and RM2,445,000 (2016: RM2,643,000) respectively as further disclosed in Note 7.