FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 111 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 26. TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES (CONT’D) (a) De ned bene t plan – Taiwan (Cont’d) Expenses recognised in pro t or loss: The Group 2024 2023 RM RM Current service costs and interests 302,194 121,070 Gain on settlement - (690,993) Return on plan assets (12,703) (120,468) Net bene t expense 289,491 (690,391) Actuarial gains recognised directly in other comprehensive income: The Group 2024 2023 RM RM Actuarial gains recognised during the year 231,812 127,054 The Group’s de ned bene t plan based on the actuarial valuation performed by an independent actuary adopting the Projected Unit Credit With Service Increment method, with the following principal actuarial assumptions: The Group 2024 2023 RM RM i) Retirement age 65 65 ii) Disability rate (per annum) 10% of 10% of mortality rate mortality rate iii) Discount rate (per annum) 1.625% 1.50% iv) Expected rate of salary increases (per annum) 2.75% 2.75%
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