(a) Defined pension benefits
|
|
THE GROUP |
|
|
2022 MUR’ 000 |
2021 MUR’ 000 |
|
|
(ii) The amounts recognised in the statement of financial position are as follows: Fair value of plan assets |
(1,285,656) |
(1,113,551) |
|
Present value of funded obligations |
1,535,808 |
1,440,460 |
|
Deficit of funded plans |
250,152 |
326,909 |
|
Present value of unfunded obligations |
21,234 |
23,640 |
|
Liability in the statement of financial position |
271,386 |
350,549 |
|
The net defined benefit liability is arrived at as follows: Balance at 1 July |
350,549 |
556,428 |
|
Charged to profit or loss (Note 31(a)(iv)) |
64,303 |
74,609 |
|
Charged to other comprehensive income (Note 31(a)(v)) |
(31,359) |
(230,707) |
|
Contributions and benefits paid |
(112,107) |
(49,781) |
|
Balance at 30 June |
271,386 |
350,549 |
|
|
THE GROUP |
|
|
|
2022 |
2021 |
|
|
MUR’ 000 |
MUR’ 000 |
|
(iii) The movement in the defined benefit obligation is as follows: Balance at 1 July |
1,464,100 |
1,542,823 |
|
Current service cost |
51,565 |
54,199 |
|
Interest expense |
64,570 |
56,729 |
|
Employees’ contributions |
7,321 |
5,460 |
|
Actuarial gains/(losses) |
22,451 |
(41,357) |
|
Liability losses due to change in financial assumptions |
1,408 |
(97,620) |
|
Benefits paid |
(54,373) |
(56,134) |
|
Balance at 30 June |
1,557,042 |
1,464,100 |