notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
46 STAFF COSTS
Group
Company
2014
2013
2014
2013
RM'000
RM'000
RM'000
RM'000
Salaries, wages and bonus
279,022
169,619
10,366
8,723
Defined contribution plan
13,802
11,170
1,293
964
292,824
180,789
11,659
9,687
Included within staff costs are remuneration of Executive Directors of the Group and the Company, as follows:
Group
Company
2014
2013
2014
2013
RM'000
RM'000
RM'000
RM'000
Salaries, wages and bonus
5,167
5,507
2,137
2,359
Defined contribution plan
412
362
254
282
5,579
5,869
2,391
2,641
The estimated monetary value of benefits-in-kind received and receivable by Directors of the Group and the Company are RM527,000 (2013: RM568,000) and RM110,000
(2013: RM110,000) respectively.
47 COMMITMENTS
(a)
Capital commitments
Capital expenditure as at the reporting date is as follows:
Group
2014
2013
RM'000
RM'000
Commitment to acquire property, plant and equipment not provided for in the financial statements:
Approved and contracted
48,494
29,549
Approved but not contracted
117,366
37,729
(b)
Operating lease commitments - The Group as lessee
In addition to the prepaid lease payments disclosed in Note 5, the Group has entered into commercial leases of land and operating equipment. These leases
have an average tenure between 1 and 2 years with no renewal option or contingent rent provision included in the contracts.
154
Wah Seong Corporation Berhad • Annual Report 2014
