MKH Annual Report 2020

190 FINANCIAL STATEMENTS ANNUAL REPORT 2020 29. PROVISIONS Post- employment benefit obligations RM Retirement gratuity RM Total RM The Group 2020 At beginning of year 14,561,360 20,183,386 34,744,746 Provision during the financial year 3,711,395 403,683 4,115,078 Incurred during the financial year (746,241) - (746,241) Remeasurement losses on defined benefit plans:  Actuarial losses arising from experience adjustments 144,860 - 144,860 Effect of movements in exchange rate (1,016,609) - (1,016,609) At end of year 16,654,765 20,587,069 37,241,834 2019 At beginning of year 8,732,893 20,183,386 28,916,279 Provision during the financial year 10,117,286 - 10,117,286 Incurred during the financial year (785,667) - (785,667) Remeasurement gains on defined benefit plans:  Actuarial gains arising from experience adjustments (4,090,635) - (4,090,635) Effect of movements in exchange rate 587,483 - 587,483 At end of year 14,561,360 20,183,386 34,744,746