89 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 CONT’D 6. PROFIT BEFORE TAXATION (Cont’d) (a) Dividend income Dividend income is recognised when the right to receive payment is established. (b) Interest income Interest income is recognised as on a time proportion basis that reflects the effective yield on assets. 7. EMPLOYEE BENEFITS Group Company 2022 2021 2022 2021 RM RM RM RM Salaries and bonuses 65,259,232 62,799,587 12,190,295 12,165,302 Contributions to defined contribution plan 6,309,287 5,951,328 1,186,470 1,040,978 Social security contributions 893,496 685,077 51,874 51,022 Other benefits 2,135,792 1,661,853 405,505 1,199,376 74,597,807 71,097,845 13,834,144 14,456,678 Included in the employee benefits of the Group and of the Company are Executive Directors’ remuneration as disclosed in Note 8 to the financial statements. 8. DIRECTORS’ REMUNERATION Group Company 2022 2021 2022 2021 RM RM RM RM Directors of the Group and the Company: Executive: Salaries, bonus and allowances 5,479,440 3,314,112 3,846,363 2,794,112 Defined contribution plan 411,980 278,400 216,000 216,000 Social security contributions 5,035 2,918 1,644 1,071 Non-Executive: Fees 413,790 276,000 392,737 276,000 Allowances 97,500 69,000 97,500 69,000 Gratuity 100,000 - 100,000 - Total 6,507,745 3,940,430 4,654,244 3,356,183 The estimated monetary value of benefits-in-kind received by the Directors otherwise than in cash from the Group and from the Company amounted to RM97,500 (2021: RM74,138) and RM90,300 (2021: RM14,988) respectively.
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