THE GROUP


2022

MUR’ 000

2021

MUR’ 000

(iv) The movement in the fair value of plan assets of the year is as follows:



Balance at 1 July

1,113,551

986,395

Expected return on plan assets

55,496

31,744

Gain on plan assets, excluding interest

47,396

48,204

Actuarial gains

6,631

10,039

Scheme expenses

6,898

4,575

Cost of insuring risk benefits

(2,463)

-

Experience (losses)/gains

(6,908)

33,487

Employer contributions

112,107

49,781

Employee contributions

7,321

5,460

Benefits paid

(54,373)

(56,134)

Balance at 30 June

1,285,656

1,113,551


The amounts recognised in profit or loss are as follows:

Current service cost


51,565


54,199

Scheme (income)/expenses

(6,898)

(4,575)

Cost of insuring risk benefits

2,463

-

Net Interest expense

17,173

24,985

Total, included in employee benefit expense

64,303

74,609