FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 315 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 49 PROVISION FOR DEFINED BENEFIT PLAN (CONTINUED) The amounts recognised in profit or loss are as follows: Group Company 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Current service cost 4,867 3,282 86 51 Finance cost 2,378 2,245 33 30 Past service cost 10,870 2,323 529 - Expense recognised in profit or loss 18,115 7,850 648 81 The defined benefit obligations for the Group by country are as follows: Group Company 2016 RM'000 2015 RM'000 2016 RM'000 2015 RM'000 Present value of obligation: - Malaysia 68,165 44,776 1,583 621 - Indonesia 2,829 934 - - - Thailand 913 324 - - 71,907 46,034 1,583 621 The principal actuarial assumptions used in respect of the Group's and the Company's unfunded defined retirement benefits are as follows: Group Company 2016 % 2015 % 2016 % 2015 % Discount rate 5.40 5.50 5.40 5.50 Expected rate of salary increase 5.00 5.00 5.00 5.00