200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 31. 2022 2021 RM RM Salaries, bonus and other emoluments 4,888,314 4,411,824 Defined contribution plan 844,701 752,178 Other short term benefits 104,120 122,839 5,837,135 5,286,841 32. Commitments (a) Capital commitments 2022 2021 RM RM Capital commitments as at the reporting date are as follows: Approved and contracted for: Property, plant and equipment 3,502,349 2,654,083 Land held for development 106,892,715 106,892,715 (b) 2022 2021 RM RM Minimum lease payments: Not later than 1 year 8,941,571 16,490,147 Later than 1 year but not later than 2 years 4,237,460 7,090,351 Later than 2 years but not later than 5 years 2,919,898 2,539,947 Total minimum lease payments 16,098,929 26,120,445 Less: Amounts representing finance charges (1,131,784) (1,473,983) Present value of minimum lease payments 14,967,145 24,646,462 These entities are subject to the same source of influence as the Company through common directors. Group Group The Group has entered into hire purchase arrangements for certain items of plant and equipment as disclosed in Note 12. Future minimum lease payments under hire purchases together with the present value of the net minimum lease payments are as follows: Group Hire purchase commitments The remuneration of key management personnel during the year are as follows: Related party disclosures (cont'd) Compensation of key management personnel Companies related to certain directors - 90 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Kimlun Corporation Berhad | Registration No. 200901023978 (867077-X) 155
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