46 PROVISION FOR DEFINED BENEFIT PLAN (CONTINUED) The amounts recognised in profit or loss are as follows: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Current service cost 4,026 4,007 75 60 Finance cost 2,631 2,891 43 39 Past service cost adjustment 60 10,259 – 285 Remeasurement 858 680 24 – Charge recognised in profit or loss 7,575 17,837 142 384 The defined benefit obligations for the Group and Company by country are as follows: Group Company 2024 2023 2024 2023 RM’000 RM’000 RM’000 RM’000 Present value of obligation: – Malaysia 61,201 61,310 1,119 949 – Thailand 896 762 – – 62,097 62,072 1,119 949 The principal actuarial assumptions used in respect of the Group’s and the Company’s unfunded defined retirement benefits are as follows: Group Company 2024 % 2023 % 2024 % 2023 % Discount rate 4.40 4.70 4.40 4.70 Expected rate of salary increase 5.00 5.00 5.00 5.00 The sensitivity of the defined benefit obligation of the Group to changes in the weighted principal assumption is: Change in assumption Impact on defined benefit obligation RM’000 i) Discount rate Increase 1% Decrease by RM2,256 Decrease 1% Increase by RM2,648 ii) Salary growth rate Increase 1% Increase by RM736 Decrease 1% Decrease by RM1,012 Notes to the Financial Statements For the financial year ended 31 December 2024 167
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