FGV Annual Report 2015

326 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 48 PROVISION FOR DEFINED BENEFIT PLAN (CONTINUED) The movements during the financial year in the amounts recognised in the statement of financial position of the Group and Company are as follows: Group Company 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Present value of unfunded obligation: At 1 January 39,720 34,686 540 101 Charge to profit or loss 7,850 6,759 81 78 Benefits paid (1,836) (1,840) - - Re-measurement 327 193 - 83 Currency translation difference (27) (78) - - Transfer - - - 278 At 31 December 46,034 39,720 621 540 The remeasurement amounts recognised in the other comprehensive income are determined as follows: Group Company 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Re-measurement: - Changes in financial assumptions 327 (805) - (12) - Experience adjustments - 688 - 76 - Changes in demographic assumptions - 310 - 19 327 193 - 83 The amounts recognised in profit or loss are as follows: Group Company 2015 2014 2015 2014 RM’000 RM’000 RM’000 RM’000 Current service cost 3,282 2,627 51 24 Finance cost 2,245 1,784 30 8 Past service cost 2,323 2,348 - 46 Expense recognised in profit or loss 7,850 6,759 81 78