98 EXCEL FORCE MSC BERHAD Notes to the Financial Statements (cont’d) 29. DIVIDENDS Group and Company 2021 2020 RM RM Dividends recognised as distribution to ordinary shareholders of the Company: In respect of the financial year ended 31 December 2020 - First interim single-tier dividend of 0.50 sen per ordinary share - 2,796,892 - Second interim single-tier dividend of 0.50 sen per ordinary share - 2,796,892 - Final single-tier dividend of 0.50 sen per ordinary share 2,796,892 - In respect of the financial year ended 31 December 2021 - First interim single-tier dividend of 0.50 sen per ordinary share 2,796,892 - - Second interim single-tier dividend of 0.50 sen per ordinary share 2,796,892 - 8,390,676 5,593,784 At the forthcoming Annual General Meeting, a final single-tier dividend of 0.50 sen per ordinary share in respect of the current financial year will be proposed for the approval of the shareholders. The financial statements for the current financial year do not reflect this proposed dividend. This dividend will be accounted for as an appropriation of retained profits in the period when it is approved by the shareholders. 30. STAFF COSTS Group Company 2021 2020 2021 2020 RM RM RM RM Fees 270,000 300,000 270,000 300,000 Salaries, wages and other emoluments 9,123,048 8,061,830 8,581,218 7,609,235 Defined contribution plans 1,108,118 977,286 1,041,015 920,419 Social security contributions 72,482 64,420 66,423 58,656 Other benefits 282,593 138,863 128,192 132,634 10,856,241 9,542,399 10,086,848 9,020,944 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 2021 2020 2021 2020 RM RM RM RM Executive Directors of the Company Fees 270,000 300,000 270,000 300,000 Salaries and other emoluments 1,035,941 990,781 1,035,941 990,781 Defined contribution plans 129,817 124,286 129,817 124,286 Social security contributions 2,770 2,770 2,770 2,770 1,438,528 1,417,837 1,438,528 1,417,837
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