Page 182 - KWAP_Integrated-Report_2023

ENRICHING NATIONAL PROGRESS ENRICHING SUStAINABLE REtURNS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

5. OPERATING EXPENSES

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

employee costs a 163,883 151,011 153,183 143,648
property related expenditure 96,618 94,811 6,659 4,715
professional services and fees 154,922 146,622 107,396 87,098
audit fees 2,972 2,586 479 467
directors’ fees and remuneration 945 1,336 945 963
depreciation charges 203,079 203,148 4,313 6,973
amortisation charges 13,418 13,567 21,842 13,155
tax expenses 35,281 35,070 35,281 35,070
management aid 2,103 837 2,103 837
rental charges 7,165 6,444 7,140 15,066
other operating expenditure 35,273 32,630 24,685 28,159

715,659 688,062 364,026 336,151

note a – employee costs:

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

salaries and allowance 112,223 95,586 102,903 89,138
statutory deductions 24,919 22,681 24,202 22,284
others 26,741 32,744 26,078 32,226

163,883 151,011 153,183 143,648

as at 31 december 2023, the number of employees of the group was 740 (2022: 702), with 723 (2022: 684) being
employees of KWap.

180 KUMPULAN WANG PERSARAAN (DIPERBADANKAN) i INtEGRAtED REPoRt 2023