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Notes to the financial statements
31 December 2014
Bursa Malaysia
•
Annual Report 2014
145
28. Employee benefits (cont’d.)
(a) Retirement benefit obligations (cont’d.)
The movements in the net liability were as follows:
Group and Company
Note
Present value
of funded
defined benefit
obligations
Fair value
of plan assets
Total
RM’000
RM’000
RM’000
At 1 January 2014
30,440
(1,490)
28,950
Interest expense/(income)
5
1,488
(74)
1,414
31,928
(1,564)
30,364
Remeasurements:
Return on plan assets
-
57
57
Experience gain
(1,459)
-
(1,459)
Actuarial changes arising from changes in
financial and demographic assumptions
(404)
-
(404)
(1,863)
57
(1,806)
Contributions by employer
-
(1,774)
(1,774)
Payments from plan
(2,122)
1,943
(179)
At 31 December 2014
27,943
(1,338)
26,605
At 1 January 2013
31,392
(1,369)
30,023
Interest expense/(income)
5
1,551
(70)
1,481
32,943
(1,439)
31,504
Remeasurements:
Return on plan assets
-
45
45
Experience loss
984
-
984
984
45
1,029
Contributions by employer
-
(3,249)
(3,249)
Payments from plan
(3,487)
3,153
(334)
At 31 December 2013
30,440
(1,490)
28,950