Notes to the Financial Statements for the Financial Year Ended 30 September 2024 MKH BERHAD ANNUAL REPORT 2024 Laying The Foundation of Excellence Where People Matter Guided by Leadership, Inspired by People Delivering Value That Matters to People PG. 264 30. PROVISIONS (CONT’D) (a) Post-employment benefit obligations (Cont’d) Movement in the present value of unfunded defined benefit schemes in the current financial year is as follows: The Group 2024 2023 RM RM At beginning of year 18,784,548 15,705,768 Amounts recognised in profit or loss (Note 6): Current service costs 3,810,985 3,318,847 Interest on obligation 1,154,509 1,096,773 4,965,494 4,415,620 Amounts recognised in other comprehensive income: Remeasurement (gains)/losses (1,087,745) 272,040 Benefit paid (1,694,113) (1,654,562) Effect of movements in exchange rates (2,236,878) 45,682 At end of year 18,731,306 18,784,548 Principal assumptions at reporting date are as follows: The Group 2024 2023 Discount rate 6.75% 7.00% Future salary increase 8.00% 8.00% Resignation rate 22% per annum until age of 18 then decrease linearly to 0% at age of 57 / 6% per annum until age of 38 then decrease linearly to 0% at age of 57 22% per annum until age of 18 then decrease linearly to 0% at age of 57 / 6% per annum until age of 38 then decrease linearly to 0% at age of 57
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