8. EMPLOYEE BENEFITS EXPENSE Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Wages and salaries 995,354 883,161 – 52 Contributions to statutory Employees Provident Fund (“EPF”) 87,134 80,223 – 2 Social security contributions 3,295 3,250 – – Retirement benefit obligations (Note 32) (118) (600) – – Decrease in liability for defined benefit pension plan (Note 33) (299) (28) – – Employees’ service entitlements (Note 34(a)) 440 171 – – Staff rationalisation cost 15,226 1,596 – – Other benefits 220,837 204,576 – 44 Total employee benefits recognised in profit or loss (Note 7) 1,321,869 1,172,349 – 98 Included in employee benefits expense of the Group is executive directors’ remuneration, excluding benefits-in-kind, amounting to RM1.8 million (2023: RM2.1 million) as further disclosed in Note 9. 9. DIRECTORS’ REMUNERATION Group Company 2024 RM’000 2023 RM’000 2024 RM’000 2023 RM’000 Directors of the Company Executive: Salaries and other emoluments 1,224 1,122 – – Bonus 306 680 – – Contributions to defined contribution plans 228 265 – – Allowances 50 50 – – Benefits-in-kind 32 26 – – 1,840 2,143 – – Non-executive: Fees 1,083 1,052 1,083 1,052 Allowances 47 50 47 50 1,130 1,102 1,130 1,102 Total 2,970 3,245 1,130 1,102 Total excluding benefits-in-kind 2,938 3,219 1,130 1,102 Notes to the Financial Statements For the year ended 31 December 2024 307 FINANCIAL STATEMENTS
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