FGV Audited Financial Statements 2023

FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 87 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 12 PROFIT FOR THE FINANCIAL YEAR (CONTINUED) Profit for the financial year is stated after charging/(crediting): (continued) Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Principal auditors’ remuneration: - Audit fee 4,358 4,251 659 642 - Other assurance services 1,937 1,471 1,187 1,187 - Non-audit fee 908 2,680 1,283 2,420 Member firms of principal auditors’ remuneration: - Audit fee 964 1,055 - - Other firms of auditors’ remuneration: - Audit fee 111 146 - - Staff costs* 2,025,815 1,985,493 79,553 98,605 Professional and technical fees 41,152 30,488 18,125 18,851 Contributions to Yayasan Felda 5,000 5,000 673 457 Net realised foreign exchange loss/(gain) 10,583 22,088 (7,007) 9 Net unrealised foreign exchange loss/(gain) 2,668 3,096 294 (5,088) Research and non-capitalised development costs 12,926 7,178 - - Provision for remediation of recruitment fee - 112,000 - - Unwinding of discount for provision for asset retirement 418 421 - - * Staff costs (excluding Directors’ remuneration) are analysed as follows: Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Wages, salaries and bonuses 1,474,657 1,521,153 56,644 73,264 Defined contribution plan 142,848 152,008 9,788 12,175 Defined benefit plan 17,837 5,436 384 74 Other employee benefits 390,473 306,896 12,737 13,092 2,025,815 1,985,493 79,553 98,605 Staff cost included in costs of sales amounted to RM1,567,877,000 (2022: RM1,442,029,000) and RM60,534,000 (2022: RM77,559,000) for the Group and Company respectively.

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