NOTES TO
FINANCIAL STATEMENTS
December 31, 2015
20
RETIREMENT BENEFIT OBLIGATIONS (CONT’D)
Amounts recognised in the statement of profit or loss in respect of these defined benefit plans are as follows:
Group
2015
2014
US$’000
US$’000
Current service cost
66
111
Interest cost
84
116
Interest income
(132)
(99)
Components of defined benefit costs recognised in profit or loss
18
128
The charge for the year is included in the administrative expenses in profit or loss.
Amounts recognised in other comprehensive income in respect of these defined benefit plans are as follows:
Group
2015
2014
US$’000
US$’000
Remeasurement on the net defined benefit liability:
Return on plan assets (excluding interest income)
835
(1,132)
Actuarial gains arising from changes in financial assumptions
(68)
36
Actuarial losses arising from changes in experience adjustments
152
153
Components of defined benefit costs recognised in other
comprehensive income
919
(943)
The amount recognised in the statement of financial position in respect of the Group’s defined benefit
retirement benefit plan is as follow:
Group
2015
2014
US$’000
US$’000
Present value of unfunded obligations
1,023
1,068
Fair value of plan assets
(713)
(1,755)
Net liability (asset) recognised
310
(687)
124
FOCUSED & RESILIENT
SAMUDERA SHIPPING LINE LTD
ANNUAL REPORT 2015
