Page 242 - CJ 2019 INTEGRATED REPORT

240
NOTES TO THE FINANCIAL
STATEMENTS 31 DECEMBER 2019 (CONTINUED)
26 POST - EMPLOYMENT BENEFITS (CONTINUED)
Company
At 01 01 January 2019 Current service cost Interest cost/ (Income) Past service cost Remeasurements:
Return on plan assets excluding amount included in in in in interest expense Gain from change in in fin financial assumptions
Experience gains
Exchange differences
Contribution -Employer
Payment from plans –Benefit payments
Present Value of obligation
Rs’000 516 410 8 772 27 776 632 553 590
- 37 427 32 147 69 574
- (53 085) (53 085) 570 079
Present Value of obligation
Rs’000 573 356 9 9 089 30 292 2 2 204 614 941
- (10 320) (7 970) (18 290)
- (80 241) (80 241) 516 410 Fair value of plan assets Total Rs’000 Rs’000 Rs’000 Rs’000 (90 038) 426 372 - 8 772 (5 319) 22 457 - 632 (95 357) 458 233
4 4 908 908 4 4 908 908 - 37 427 - 32 147 4 4 4 908 74
482
(58 (58 552) 552) (58 (58 552) 552) 48 769 (4 316) (9 783) (62 868)
(100 232) 469 847
Fair value of plan assets Total Rs’000 Rs’000 Rs’000 Rs’000 (100 892) 472 464 - 9 9 089 (5 924) 24 24 368 - 2 2 204 (106 816) 508 125
2 2 348 348 2 2 348 348 - (10 320) - (7 970) 2 2 348 (15 942)
(13 (13 700) 700) (13 (13 700) 700) 28 130 (52 111) 14 430 (65 811)
(90 038) 426 372 At 31 December 2019 The movement in fin the the defined benefit obligation
over the the year 2018
is as follows:
At 01 01 January 2018
Current service cost Interest cost/ (Income) Past service cost Remeasurements:
Return on plan assets excluding amount included in in in in interest expense Loss from change in fin financial assumptions
Experience losses
Exchange differences
Contribution -Employer
Payment from plans –Benefit payments
At 31 December 2018
CURRIMJEE JEEWANJEE AND COMPANY LIMITED