NOTES TO
FINANCIAL STATEMENTS
December 31, 2015
20
RETIREMENT BENEFIT OBLIGATIONS (CONT’D)
The plan assets do not include any of the Group’s own financial instruments, nor any property occupied by, or
other assets used by, the Group.
The Group had assessed that any reasonably possible change to the key assumptions applied is not likely
to cause the retirement benefit obligations to increase or decrease significantly. Accordingly, no sensitivity
analysis is performed.
PT SSS funds the cost of the entitlements expected to be earned on a yearly basis. Employees and employer
pay a fixed 4% and 8% of pensionable salary respectively. Apart from paying the costs of the entitlements, PT
SSS is not liable to pay additional contributions in case the fund does not hold sufficient assets.
The average duration of the benefit obligation at December 31, 2015 is 8 years (2014 : 10 years).
21
SHARE CAPITAL
Group and Company
2015
2014
No. of shares
US$’000 No. of shares
US$’000
Issued and paid up:
At the beginning and end of the year
539,131,199
68,761
539,131,199
68,761
The holders of ordinary shares (except treasury shares) are entitled to receive dividends as and when declared
by the Company. All ordinary shares carry one vote per share without restrictions. The ordinary shares have
no par value.
22
TREASURY SHARES
Group and Company
2015
2014
No. of shares
US$’000 No. of shares
US$’000
Issued and paid up:
At the beginning and end of the year
(1,093,000)
(174)
(1,093,000)
(174)
Treasury shares relate to ordinary shares of the Company that is held by the Company.
23
CAPITAL RESERVE
The capital reserve represents the effects of change in ownership in subsidiaries when there is no change in
control (see Note 14).
126
FOCUSED & RESILIENT
SAMUDERA SHIPPING LINE LTD
ANNUAL REPORT 2015
