KBS Fashion Group Ltd | CIK:0001546383 | 3

  • Filed: 4/30/2018
  • Entity registrant name: KBS Fashion Group Ltd (CIK: 0001546383)
  • Generator: Ez-XBRL
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1546383/000121390018005204/0001213900-18-005204-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1546383/000121390018005204/kbsf-20171231.xml
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  • ifrs-full:DisclosureOfEmployeeBenefitsExplanatory

    17.EMPLOYEES’ EMOLUMENTS

     

       Year ended December 31, 
       2017  2016  2015 
               
     Salaries and other short-term benefits  2,476,506   1,369,524   1,878,963 
     Defined contribution benefit schemes  189,621   280,594   1,888,828 
     Total employee benefits expense (including directors’ emoluments)  2,666,127   1,650,118   3,767,791 

     

    The employees of the Group’s PRC subsidiaries are members of state-managed retirement benefit schemes operated by the local government. The subsidiaries are required to contribute a specified percentage of its payroll costs to the retirement benefit schemes to fund the benefits. The only obligation of the Group with respect to the retirement benefit schemes is to make the specified contributions.