Kenanga Investment Bank Berhad Annual Report 2021 256 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 39. DIRECTORS’ REMUNERATION (CONT’D.) Remuneration received from the Group Fees RM’000 Other emolument RM’000 Benefits- in-kind RM’000 Group Total RM’000 31 December 2020 Non-Executive Directors: Tan Sri Dato’ Seri Syed Zainol Anwar Ibni Syed Putra Jamalullail 261 10 15 286 Izlan Bin Izhab 425 48 22 495 Datuk Syed Ahmad Alwee Alsree 510 64 20 594 Dato’ Richard Alexander John Curtis 330 52 - 382 Luigi Fortunato Ghirardello 410 78 - 488 Ismail Harith Merican 300 40 - 340 Luk Wai Hong, William 400 82 - 482 Jeremy Bin Nasrulhaq 370 68 - 438 Norazian Binti Ahmad Tajuddin 410 102 - 512 Kanagaraj Lorenz 370 66 - 436 Total Directors’ remuneration 3,786 610 57 4,453 40. TAXATION AND ZAKAT Group Bank 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 Current income tax: Tax expense for the financial year 40,917 44,536 26,132 38,220 Under provision in prior years 872 714 1,109 927 41,789 45,250 27,241 39,147 Deferred tax (Note 19): Relating to origination and reversal of temporary differences (10,168) (11,293) 555 (10,761) Under provision of deferred tax assets in prior years (2,572) (1,972) (2,531) (21) (12,740) (13,265) (1,976) (10,782) Zakat 372 445 340 430 Total income tax expense 29,421 32,430 25,605 28,795 Domestic income tax is calculated at the statutory tax rate of 24% (2020: 24%) on the estimated chargeable profit for the financial year. Notes to the Financial Statements 31 December 2021
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