BIMB Integrated Annual Report 2019

27 EMPLOYEE BENEFITS (CONTINUED) Value of employee services received for issue of Takaful Malaysia shares Group 2019 2018 RM’000 RM’000 Performance shares – Shares granted in 2015 – 1,198 – Shares granted in 2016 4,280 3,501 – Shares granted in 2017 7,239 3,722 – Shares granted in 2018 3,828 2,026 – Shares granted in 2019 2,598 – 17,945 10,447 Retirement benefit The Group also makes contribution to a defined benefit plan that provides pension for eligible permanent employees of its Indonesia subsidiaries. The amounts are determined based on years of service and salaries of the employees at the time of pension. The benefits will be paid upon retirement, permanent disability or termination. 28 SOURCES AND USES OF CHARITY FUNDS Group 2019 2018 RM’000 RM’000 Undistributed funds as at the beginning of the financial year 7 2 Shariah non-compliance income: Funds collected/received during the year 89 9 Refunded to counterparties (38) – Uses of funds during the year: Contribution to Education Fund (55) (4) Undistributed funds as at the beginning of the financial year 3 7 29 INCOME DERIVED FROM INVESTMENT OF DEPOSITORS’ FUNDS Group 2019 2018 RM’000 RM’000 Income derived from investment of: (i) General investment deposits 16,378 19,074 (ii) Term deposit-i 1,838,249 1,596,723 (iii) Savings and demand deposits 818,128 790,472 (iv) Other deposits 84,949 195,556 2,757,704 2,601,825 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 (CONTINUED) 248 Integrated Annual Report 2019 Group Overview Sustaining The Group Management Discussion & Analysis Group Governance