EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 103 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CONT’D) 31. STAFF COSTS (CONT’D) Included in staff costs is aggregate amount of remuneration received/receivable by the Executive Directors of the Group and of the Company during the financial year as below: Group Company 2020 2019 2020 2019 RM RM RM RM Executive Directors of the Company Fees 300,000 353,935 300,000 353,935 Salaries and other emoluments 990,781 1,040,638 990,781 1,040,638 Defined contribution plans 124,286 140,188 124,286 140,188 Social security contributions 2,770 3,116 2,770 3,116 1,417,837 1,537,877 1,417,837 1,537,877 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 MFRS 16 New lease (Note 6) Financing cash flows * At 31 December RM RM RM RM RM Group and Company 2020 Lease liabilities 353,091 - 1,032,562 (380,336) 1,005,317 2019 Lease liabilities - 728,386 - (375,295) 353,091 * Financing cash flows represents payment of lease liabilities in the statements of cash flows.