190 Annual Report 2021 29. PROVISIONS (CONT’D) (a) Post-employment benefit obligations (Cont’d) T he defined benefit obligation expenses were determined based on actuarial valuations prepared by an independent actuary using the projected unit credit method. Principal assumptions at reporting date are as follows: The Group 2021 2020 Discount rate 7.50% 8.00% Future salary increase 8% 8% Mortality rate 100%TMI3 100%TMI3 Resignation rate 22% until age 4% - 9% until of 18 then age of 30 - decrease 32 then linearly to 0% decrease at age 57 / 6% linearly until age of 38 to 0% at then decrease age of 57 linearly to 0% at age 57 Disability 5% of 5% of mortality rate mortality rate Normal retirement age 57 57 Sensitivity analysis T he sensitivity analysis below has been determined based on reasonably possible changes in the discount rate and future salary increase occurring at the reporting date, while holding all other assumptions constant. The Group Increase/(Decrease) in profit 2021 2020 RM RM Discount rate increase by 1% 1,209,346 1,592,570 Discount rate decrease by 1% (1,397,101) (1,875,762) Future salary increase by 1% (1,407,012) (1,881,374) Future salary decrease by 1% 1,240,490 1,626,228 Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2021
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