Notes tothe financial statements For the financial year ended 31 December 2023 28. Other non-current payables (cont’d) The movement in provision for assets dismantling costs are: Group Note 2023 2022 Rp million Rp million Balance at 1 January 37,058 39,037 Changes in present value due to the passage of time and discount rates 6,7 1,269 (1,979) Balance at 31 December 38,327 37,058 29. Employee benefits Certain subsidiaries of the Group have defined benefit retirement plans covering substantially all of their qualified permanent employees. The Group’s contributions to the funds are computed at 10.0% and 7.0% of the basic pensionable income for staff and non-staff employees, respectively. On top of the benefits provided under the above-mentioned defined benefit retirement plans, the Group has also recorded additional provisions for employee service entitlements in order to meet the minimum benefits required to be paid to the qualified employees, as required under the labor law in Indonesia. The amounts of such additional provisions were determined based on actuarial computations prepared by an independent actuary firm using the “Projected Unit Credit” method. Group Note 2023 2022 Rp million Rp million Employee benefits expenses (including directors): Wages and salaries 3,226,713 3,047,855 Provision for employee benefits (169,741) 55,096 Contribution to defined contribution pension plan 15,590 15,961 Training and education 68,279 59,499 8 3,140,841 3,178,411 As at 31 December 2023 the balance of the related actuarial liability for employee benefits is presented as “Employee benefits liabilities” in the consolidated balance sheet. 140 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd
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