200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 6. Profit/(Loss) before tax (cont'd) The following items have been included in arriving at profit/(loss) before tax (cont'd): 2023 2022 2023 2022 RM RM RM RM Gain on derecognition due to lease modification (3,338) (2,177) - - Short term leases: - equipment 10,296 7,974 - - - land and building 721,832 263,019 - - - office equipment 156,608 148,905 - - Impairment loss on investment in subsidiary - - 10,027,486 42,704 Interest income from (1,852,143) (1,743,758) - - financial assets at amortised costs Reversal of provision for obsolete inventories - (4,252) - - Reversal of defect liability costs (Note 25) (1,561,000) (5,196,000) - - Foreign exchange (gain)/loss - realised 4,582,078 3,929,062 - - - unrealised (8,721,197) (6,699,759) - - 7. Employee benefits expenses 2023 2022 RM RM Wages, salaries and bonus 82,997,072 66,002,908 Defined contribution plan 5,893,432 5,257,085 Social security contributions 1,047,897 708,112 89,938,401 71,968,105 Included in employee benefits expenses of the Group are executive directors' remuneration amounting to RM4,712,918 (2022: RM4,586,715) as disclosed in Note 8. Group Company Group - 40 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 Kimlun Corporation Berhad 110
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