Page 243 - CJ 2019 INTEGRATED REPORT

241
NOTES TO THE FINANCIAL
STATEMENTS 31 DECEMBER 2019 (CONTINUED)
26 POST - EMPLOYMENT BENEFITS (CONTINUED)
Company
(Continued)
The significant actuarial assumptions
were as as follows:
Discount rate Inflation rate Salary growth rate Pension growth rate Average life expectancy in in years for a a a a a a pensioner retiring at age age 63 Retiring at the the end of the the reporting period
GROUP
2018
5 6% to 6 6 1% 3 5% 4 0% 1
0% GROUP
2018
Male 12 12 3 3 Female 13 13 5 5 Average life expectancy in in years for a a a a a a pensioner retiring at age age 63 Retiring 20 years after the the end of the the reporting period
GROUP
Male 12 12 3 3 Female 13 13 5 5 The sensitivity of the the defined benefit obligation
to changes fin in in the the weighted principal assumption is:
2019 4 6% 6% to 5 6% 6% 2 2 2% to 3 5% 3 5% 1
0% 2019 4 6% 6% to 5 6% 6% 2 2 2% to 3 5% 3 5% 1
0% 2019 12 3 13 5 2019 12 3 13 5 COMPANY 2018
5 6% to 6 6 1% 3 5% 4 0% 1
0% COMPANY 2018
12 3 13 5 COMPANY 2018
2019 12 3 13 5 2019 12 3 13 5 Impact on on defined benefit obligation
INTEGRATED REPORT 2019 Group
Discount rate Company
Discount rate Change in in Increase in in assumption assumption assumption assumption 1% 86 070 1% 55 190
Decrease in assumption 84 609 46 657
2018
12 3 13 5