EXCEL FORCE MSC BERHAD Annual Report 2019

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2019 101 notes to the financial statements 31 december 2019 (cont’d) 31. Staff Costs Group Company 2019 2018 2019 2018 RM RM RM RM Salaries, wages and other emoluments 7,485,964 7,726,430 7,151,624 7,442,833 Fee 353,935 396,000 353,935 396,000 Defined contribution plans 928,968 962,698 886,504 926,706 Social security contributions 66,351 65,797 61,408 61,394 Other benefits 244,067 235,307 232,579 223,170 9,079,285 9,386,232 8,686,050 9,050,103 Included in staff costs is aggregate amount of remuneration received and receivable by the Executive Directors of the Company and of the subsidiary companies during the financial year as below: Group Company 2019 2018 2019 2018 RM RM RM RM Executive Directors of the Company Salaries and other emoluments 1,040,638 1,107,720 1,040,638 1,107,720 Fee 353,935 396,000 353,935 396,000 Defined contribution plans 140,188 157,275 140,188 157,275 Social security contributions 3,116 2,770 3,116 2,770 1,537,877 1,663,765 1,537,877 1,663,765 32. Reconciliation of Liabilities Arising from Financing Activities The table below show the details changes in the liabilities of the Group and of the Company arising from financing activities: At 1 January Effect of adoption of MFRS16 Financing cash flow * At 31 December RM RM RM RM Group and Company 2019 Lease liabilities - 728,386 (375,295) 353,091 2018 Term loan 4,240,002 - (4,240,002) - * Financing cash flow represents repayment of term loan and payment of lease liabilities in the statements of cash flows.