ESR Group Limited Annual Report 2023 175 Notes to the Consolidated Financial Statements 31 December 2023 9. FIVE HIGHEST PAID EMPLOYEES The five highest paid employees during the year included two directors (2022: two directors), details of whose remuneration are set out in note 8 above. Details of the remuneration for the year of the remaining three (2022: three) highest paid employees who are neither a director nor chief executive of the Company are as follows: 2023 2022 US$’000 US$’000 Salaries, allowances and benefits-in-kind 5,706 6,236 Share-based compensation expense 1,227 5,270 Pension scheme contributions 25 169 6,958 11,675 The numbers of non-director highest paid employees whose remuneration fell within the following bands are as follows: Number of employees 2023 2022 HK$14,500,001 to HK$15,000,000 1 — HK$18,000,001 to HK$18,500,000 1 — HK$21,000,001 to HK$21,500,000 1 — HK$25,000,001 to HK$25,500,000 — 1 HK$27,000,001 to HK$27,500,000 — 1 HK$39,000,001 to HK$39,500,000 — 1 3 3 During the year and in prior years, share options were granted to a non-director and non-chief executive highest paid employees in respect of their services to the Group, further details of which are included in the disclosures in note 42 to the financial statements. The fair value of such options, which has been recognised in profit or loss over the vesting period, was determined as at the date of grant and the amount included in the financial statements is included in the above non-director and non-chief executive highest paid employees’ remuneration disclosures. 10. INCOME TAX EXPENSE 2023 2022 US$’000 US$’000 Current tax 103,268 132,489 Deferred tax (note 29) 22,914 51,527 126,182 184,016 The Company was incorporated in the Cayman Islands as an exempted company with limited liability under the Cayman Islands Companies Law and is exempted from the payment of Cayman Islands income tax. During the year, Hong Kong profits tax has been provided at the rate of 16.5% (2022: 16.5%) on the assessable profits arising in Hong Kong. CORPORATE GOVERNANCE FINANCIAL STATEMENTS STRATEGIC REPORTS
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