Page 213 - KWAP_Integrated-Report_2023

ENRICHING STAKEHOLDER ASPIRATIONS ENRICHING PERFORMANCE ENRICHING THE COMMUNITY ENRICHING ACCOUNTABILITY & INTEGRITY ENRICHING RESILIENCE & SUSTAINABLE GROWTH

notes to tHe financial statements

for the year ended 31 december 2023

33. EMPLOYEE BENEFiTS (CONTiNUED)
(a) the movements of the present value in unfunded obligations are as follows:

Group and KWAP
31 December 31 December
2023 2022
RM’000 RM’000

at 1 January 5,012 4,429
current service cost 457 417
interest cost 235 203
adjustments during the year 30 (1)
benefits paid (36) (36)
As At 31 December 5,698 5,012

(b) the amounts recognised in the statement of financial position were analysed as follows:

Group and KWAP
31 December 31 December
2023 2022
RM’000 RM’000

net liabilities as at 1 January 5,012 4,429
total post-retirement costs recognised in the statements of
comprehensive income and oher comprehensive income 722 619
benefits paid (36) (36)
Net Liabilities As At 31 December 5,698 5,012

(c) the amounts recognised in the statement of comprehensive income were analysed as follows:

Group and KWAP
31 December 31 December
2023 2022
RM’000 RM’000

current service cost 457 417
interest cost 235 203
adjustments during the year 30 (1)
Total Post-Retirement Costs Recognised in The Statement Of
Comprehensive income And Other Comprehensive income 722 619

211