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FINANCIAL REPORTS
163
Bursa Malaysia •
Annual Report 2015
NOTES TO THE
FINANCIAL STATEMENTS
31 DECEMBER 2015
28. Employee benefits (cont’d.)
(a) Retirement benefit obligations (cont’d.)
The movements in the net liability were as follows:
Note
Group and Company
Present value
of funded
defined benefit
obligations
Fair value of
plan assets
Total
RM’000
RM’000
RM’000
At 1 January 2015
27,943
(1,338)
26,605
Interest expense/(income)
5
1,439
(70)
1,369
29,382
(1,408)
27,974
Remeasurements:
Return on plan assets
-
61
61
Experience loss
823
-
823
823
61
884
Contributions by employer
-
(375)
(375)
Payments from plan
(3,246)
875
(2,371)
At 31 December 2015
26,959
(847)
26,112
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