FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2024 112 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) The Group 2024 2023 (Decrease)/ (Decrease)/ Increase Increase RM RM Effect on defined benefit obligations Discount rate (per annum) - strengthened by 0.25% (18,201) (1,172) - weakened by 0.25% 19,524 1,291 Expected rate of salary increases (per annum) - strengthened by 0.25% 19,101 1,263 - weakened by 0.25% (17,912) (1,154) (b) De ned bene t plan – Philippines The Group conforms to the minimum regulatory bene t under prevailing law and regulations which is of the de ned bene t type. The normal retirement age is 60. The plan provides a bene t equal to 22.5 days’ salary for every year of credited service. The regulatory bene ts are paid in lump sum upon retirement. Movement in the present value of de ned bene t obligations: The Group 2024 2023 RM RM At 1 January 350,732 287,626 Current service costs and interest 41,456 42,403 Actuarial loss in other comprehensive income 36,511 21,208 De ned plan payable (237,764) (14,954) Exchange difference (18,237) 14,449 At 31 December 172,698 350,732 Expenses recognised in pro t or loss: The Group 2024 2023 RM RM Current service costs and interests 41,456 42,403
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