Page 148 - SC Annual Report 2018 (ENG)

Securities
Commission
Malaysia
ANNUAL
REPORT
2018

12.1 Nature of goods and services

The following information reflects the typical transactions of the SC:

Nature of services significant Payment Term Timing of recognition or method used to
recognise revenue

Levies 30 days Revenue is derived from Malaysia and are
recognised at a point in time.
Fees and charges Not applicable Revenue is derived from Malaysia and are
recognised at a point in time.

13. staff costs
2018 2017
RM’000 RM’000

Remuneration, bonus, staff medical,
staff training and overtime 131,719 125,232
Employees Provident Fund and SOCSO contribution 17,840 18,420
Private Retirement Scheme 1,597 1,271
Post-employment benefits 6,419 657

157,575 145,580

14. grants

The SC provides grants to various entities involved in projects and programmes that develop, promote
and enhance the well-being of the Malaysian capital market.

15. (deficit)/surplus before tax
Note 2018 2017
RM’000 RM’000

(deficit)/surplus before tax is arrived at after
charging:
Auditors’ remuneration 100 100
Executive members’ emoluments* 4,410 4,901
Executive member’s gratuity 1,925 -
Non-executive members’ allowance 1,177 1,135
Rental expense:
Property 1,573 2,260
Plant and equipment 201 282
Depreciation of property, plant and equipment 3 10,962 11,176

and after crediting:
Gain on disposal of plant and equipment 120 10

* Included in executive members’ emoluments are leave encashment amounted to RM194,000 (2017: Nil).

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