BIMB Integrated Annual Report 2017

26. EMPLOYEE BENEFITS (CONTINUED) Value of employee services received for issue of Takaful Malaysia shares GROUP 2017 2016 RM’000 RM’000 Expense recognised as share-based payments Restricted shares – Shares granted in 2013 – 188 Performance shares – Shares granted in 2013 – 1,219 – Shares granted in 2014 (290) 1,333 – Shares granted in 2015 2,445 2,453 – Shares granted in 2016 3,045 1,365 – Shares granted in 2017 2,128 – 7,328 6,370 7,328 6,558 Retirement benefit The Group also makes contribution to a define benefit plan that provides pension for eligible permanent employees of its Indonesia subsidiaries. The amounts are determined based on years of service and salaries of the employees at the time of pension. The benefits will be paid upon retirement, permanent disability or termination. 27. SOURCES AND USES OF CHARITY FUNDS SHARIAH NON- CHARITY COMPLIANCE FUNDS INCOME TOTAL GROUP RM’000 RM’000 RM’000 Undistributed funds as at 1 January 2016 2 9 11 Funds collected/received during the year 1 9 10 Uses of funds during the year (3) (13) (16) Contribution to Non-profit Organisation – (5) (5) Contribution for Da’wah activities (1) (3) (4) Contribution for poor/needy family (2) – (2) Contribution to school – (5) (5) Undistributed funds as at 31 December 2016/1 January 2017 – 5 5 Funds collected/received during the year – 8 8 Uses of funds during the year – (11) (11) Contribution to Non-profit Organisation – (4) (4) Contribution for Da’wah activities – (5) (5) Contribution to school – (2) (2) Undistributed funds as at 31 December 2017 – 2 2 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 230 BIMB HOLDINGS BERHAD Integrated Annual Report 2017