Notes to the Financial Statements for the Financial Year Ended 30 September 2024 Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 263 30. PROVISIONS (CONT’D) The above provisions are classified as follows: Post - employment benefit obligations Retirement gratuity Total RM RM RM The Group 2024 Non-current 18,731,306 - 18,731,306 Current - 21,904,397 21,904,397 18,731,306 21,904,397 40,635,703 2023 Non-current 18,784,548 - 18,784,548 Current - 21,904,397 21,904,397 18,784,548 21,904,397 40,688,945 (a) Post-employment benefit obligations Two subsidiaries of the Company in Indonesia operate unfunded defined benefit schemes, as required under the Labour Law of the Republic of Indonesia. The provision is determined based on estimation of amount of benefits that employees have earned in return for their service in the current and prior years. The defined benefit obligation were determined based on actuarial valuations prepared by an independent actuary using the projected unit credit method. The defined benefit schemes expose the Group to actuarial risks, such as longevity risk and interest rate risk. The amount recognised in the consolidated statements of financial position is determined as follows: The Group 2024 2023 RM RM Present value of obligations 18,731,306 18,784,548
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