181 ANNUAL REPORT 2024 MST GOLF GROUP BERHAD 17. EMPLOYEE BENEFITS (CONT’D) Defined benefit obligation (cont’d) The assumptions are as follows:- Group 2024 2023 Discount rate 6.70% - 7.14% - Salary increases rate 8.00% - Mortality table 10% TMI IV - Retirement age (year) 55 - The following table demonstrates the sensitivity to a reasonably possible change in discount rates, with all other variables held constant, of the obligation for post-employment and current service cost as of 31 December 2024. Group 2024 Increase Decrease RM’000 RM’000 Discount rate (1% movement) (10) 12 Future salary growth (1% movement) 12 (10) Although the analysis does not account to the full distribution of cash flows expected under the plan, it does provide approximation of the sensitivity of the assumptions shown. The maturity profile of undiscounted define employee service entitlement as of 31 December 2024 and 31 December 2023 are as follows:- Group 2024 2023 RM’000 RM’000 Within the next 12 months - - Between 1 and 2 years - - Between 2 and 5 years - - Between 5 and 10 years - - More than 10 years 63 -
RkJQdWJsaXNoZXIy NDgzMzc=