158 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 49 PROVISION FOR DEFINED BENEFIT PLAN (CONTINUED) The remeasurement amounts recognised in the other comprehensive income are determined as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Re-measurement: – Changes in financial assumptions (4,718) 2,294 (66) 13 – Experience adjustments (14,799) 2,039 (196) 34 (19,517) 4,333 (262) 47 The amounts recognised in profit or loss are as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Current service cost 4,908 2,944 49 44 Finance cost 2,487 2,564 34 33 Past service cost adjustment – (27,856) – (941) Remeasurement (50) 159 – – Charge/(credit) recognised in profit or loss 7,345 (22,189) 83 (864) The defined benefit obligations for the Group by country are as follows: Group Company 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Present value of obligation: – Malaysia 47,692 62,725 632 877 – Indonesia 2,408 3,631 – – – Thailand 1,036 1,136 – – 51,136 67,492 632 877 The principal actuarial assumptions used in respect of the Group’s and the Company’s unfunded defined retirement benefits are as follows: Group Company 2021 2020 2021 2020 % % % % Discount rate 4.70 4.00 4.70 4.00 Expected rate of salary increase 5.00 5.00 5.00 5.00
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