MKH Annual Report 2017

26. PROVISIONS Post- employment benefit Retirement obligations gratuity Total RM RM RM The Group 2017 At beginning of year 10,352,428 19,595,520 29,947,948 Provision during the financial year 832,705 587,866 1,420,571 Incurred during the financial year (352,618) - (352,618) Remeasurement losses on defined benefit plans: Actuarial loss arising from experience adjustments 848,285 - 848,285 Effect of movements in exchange rate (227,254) - (227,254) At end of year 11,453,546 20,183,386 31,636,932 2016 At beginning of year 6,310,729 19,595,520 25,906,249 Provision during the financial year 2,357,525 - 2,357,525 In respect of subsidiary acquired (Note 30) 418,548 - 418,548 Incurred during the financial year (223,580) - (223,580) Remeasurement losses on defined benefit plans: Actuarial loss arising from experience adjustments 1,028,501 - 1,028,501 Effect of movements in exchange rate 460,705 - 460,705 At end of year 10,352,428 19,595,520 29,947,948 The above provisions are classified as follows: Post- employment benefit Retirement obligations gratuity Total RM RM RM The Group 2017 Non-current 11,453,546 - 11,453,546 Current - 20,183,386 20,183,386 11,453,546 20,183,386 31,636,932 2016 Non-current 10,352,428 - 10,352,428 Current - 19,595,520 19,595,520 10,352,428 19,595,520 29,947,948 Notes to the Financial Statements For the Financial Year ended 30 September 2017 163 MKH Berhad • Annual Report 2017