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237

UEM EDGENTA BERHAD

2016 ANNUAL REPORT

ABOUT

UEM EDGENTA

STRIVING

FOR GROWTH

PERFORMANCE

REVIEW

CORPORATE

FRAMEWORK

LEADERSHIP

SUSTAINABILITY

STATEMENT

TRANSPARENCY

FINANCIAL

REVIEW

ACCOUNTABILITY

8. EMPLOYEE BENEFITS EXPENSE

Group

Company

2016

RM’000

2015

RM’000

2016

RM’000

2015

RM’000

Wages and salaries

962,324

972,555

38,801

22,850

Contributions to statutory Employees Provident

Fund (“EPF”)

78,270

83,374

3,695

2,385

Social security contributions

2,464

2,979

205

117

Defined retirement benefit obligations (Note 25)

267

(1,145)

Decrease in liability for defined benefit pension

plan (Note 26)

(866)

(1,364)

Income of equity-settled share-based payment

(508)

Employees’ service entitlements (Note 27(b))

3,289

(624)

Staff rationalisation cost via mutual separation

scheme

161

30,589

1,274

Other benefits

110,061

98,945

3,285

2,617

1,155,970

1,184,801

45,986

29,243

Included in employee benefits expense of the Group and of the Company are executive directors’ remuneration

excluding benefits-in-kind amounting to RM6.0 million (2015: RM4.8 million) and RM1.6 million (2015: RM1.8 million)

respectively as further disclosed in Note 9.