23 PENSION OBLIGATIONS CONTINUED¡
(a) Defined benefit plans (Continued)
Defined
Fair value
Net defined
benefits
of plan
benefit
obligations
assets
liabilities
HK$’000
HK$’000
HK$’000
2014
At 1 January
1,192,342
(1,076,760)
115,582
Net charge/(credit) to the income statement
Current service cost
47,459
856
48,315
Interest cost/(income)
18,819
(17,209)
1,610
66,278
(16,353)
49,925
Net charge/(credit) to other comprehensive income
Remeasurements loss:
Actuarial loss arising from:
Experience adjustment
59,399
-
59,399
Financial assumptions
5,572
-
5,572
Return on plan assets excluding interest income
-
(50,769)
(50,769)
64,971
(50,769)
14,202
Other
Contributions paid by the employer
-
(35,630)
(35,630)
Contributions paid by the employee
8,714
(8,714)
-
Benefits paid
(41,401)
41,401
-
Net transfer
9,177
(9,177)
-
At 31 December
1,300,081
(1,156,002)
144,079
Notes to the
Financial Statements
OPTIMISING FOR THE FUTURE
104
