CAHYA MATA SARAWAK ANNUAL REPORT 2016

131 Cahya Mata Sarawak Berhad A N N U A L R E P O R T 2 0 1 6 Section 07 Financial StatementS NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2016 8. PROFIT BEFORE TAX (CONT'D.) Results from operating activities is arrived at after crediting (cont'd.): Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Inventories written back - 210 - - Project development cost written back (Note 15(b)) 149 - - - Reversal of allowance for obsolete inventory 8 - - - Net gain on disposal of property, plant and equipment 162 398 - - 9. EMPLOYEE BENEFITS EXPENSE Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Salaries, allowances and bonuses 111,523 113,592 6,945 22,904 Contributions to defined contribution plan 12,817 13,129 810 2,711 Social security contributions 1,035 915 15 84 Share options granted under ESOS - 4,497 - 646 125,375 132,133 7,770 26,345 Included in employee benefits expense of the Group and of the Company are executive directors’ remuneration amounting to RM3,483,000 (2015: RM6,420,000) and RM3,169,000 (2015: RM6,420,000), respectively, as further disclosed in Note 10. 10. DIRECTORS’ REMUNERATION The details of remuneration receivable by directors of the Company during the financial year are as follows: Group Company 2016 2015 2016 2015 RM’000 RM’000 RM’000 RM’000 Executive: Salaries and other emoluments 3,109 5,699 2,829 5,699 Defined contribution plans 374 684 340 684 Share options granted under ESOS - 37 - 37 Total executive directors’ remuneration (excluding benefits-in-kind) (Note 9) 3,483 6,420 3,169 6,420 Estimated money value of benefits-in-kind 292 7,036 286 7,036 Total executive directors’ remuneration (including benefits-in-kind) 3,775 13,456 3,455 13,456