Financial Statements Notes to the Financial Statements 18. EMPLOYEE BENEFITS Group Company 2024 2023 2024 2023 Note RM’mil RM’mil RM’mil RM’mil Non-current Retirement benefits 19 115 109 – – Provision for unconsumed leave 23 23 – – Deferred bonus scheme 3 4 2 3 Gratuity 2 3 – – Others 60 44 – – 203 183 2 3 Current Retirement benefits 19 7 8 – – Defined contribution plan 63 63 – – Provision for unconsumed leave 65 74 1 1 Deferred bonus scheme 7 8 4 5 Others 6 5 – – 148 158 5 6 Provision for unconsumed leave The balances represent the cash value of the unconsumed leave balance entitled to the employees at the end of the financial year. Employees of certain subsidiaries can carry-forward a portion of the unconsumed leave and utilise it in future service periods or receive cash compensation on termination of employment. Unconsumed leave that does not fall due wholly within twelve months after the end of the period in which the employees render the related service and are not able to be utilised wholly within twelve months after the end of such period is classified as non-current. The obligation is measured based on independent actuarial valuation using projected unit credit method. Share-based payment scheme Enterprise Option Scheme (“EOS”) On 15 June 2015, at an extraordinary general meeting, the Company’s shareholders approved the establishment of the EOS scheme to grant share options to eligible personnel. The EOS options granted in each year will vest in the participants over a 3-year period. Each EOS option gives the participant a right to receive one share, upon exercise of the option and subject to the payment of the exercise price. The exercise price for the EOS option granted shall be determined by the Board which shall be based on the 5-day weighted average market price of the underlying shares a day immediately preceding the date of offer with a discount of not more than 10% or such other percentage of discount as may be permitted by Bursa Securities or any other relevant regulatory from time to time (subject to the Board’s discretion to grant the discount). The EOS shall be in force for a period of 10 years from 22 June 2015. IHH Healthcare Berhad | Annual Report 2024 170
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