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94.12 Employee benefitsShort-term employee benefitsSalaries, wages, bonuses and contributions to the social security fund are recognised as expenses when incurred.Post-employment benefits and other long-term employee benefitsDefined contribution plansThe Group and its employees have jointly established a provident fund. The fund is monthly contributed by employees and by the Group. The fund%u2019s assets are held in a separate trust fund and the Group%u2019s contributions are recognised as expenses when incurred.Defined benefit plans and other long-term employee benefits The Group has obligations in respect of the severance payments it must make to employees upon retirement under labor law and other employee benefit plan. The Group treats these severance payment obligations as a defined benefit plan. In addition, the Group provides other long-term employee benefit plan, namely long service awards.The obligation under the defined benefit plan and other long-term employee benefit planis determined by a professionally qualified independent actuary based on actuarial techniques, using the projected unit credit method. Actuarial gains and losses arising from defined benefit plans are recognised immediately in other comprehensive income.Actuarial gains and losses arising from other long-term benefits are recognised immediately in profit and loss.4.13 ProvisionsProvisions are recognised when the Group has a present obligation as a result of a past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. 4.14 Income tax Income tax expense represents the sum of corporate income tax currently payable and deferred tax.Current taxCurrent income tax is provided in the accounts at the amount expected to be paid to the taxation authorities, based on taxable profits determined in accordance with tax legislation.Super Turtle Public Company Limited 125Introduction Nature of Business Business Performance Corporate Information Corporate Governance Financial Report Attachment