FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 FINANCIAL STATEMENTS 291 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 47 PROVISION FOR DEFINED BENEFIT PLAN (CONTINUED) The amounts recognised in profit or loss are as follows: Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Current service cost 4,115 4,867 93 86 Finance cost 3,812 2,378 86 33 Past service cost 3,596 10,870 108 529 Expense recognised in profit or loss 11,523 18,115 287 648 The defined benefit obligations for the Group by country are as follows: Group Company 2017 RM’000 2016 RM’000 2017 RM’000 2016 RM’000 Present value of obligation: - Malaysia 84,101 68,165 2,018 1,583 - Indonesia 2,877 2,829 - - - Thailand 790 913 - - 87,768 71,907 2,018 1,583 The principal actuarial assumptions used in respect of the Group’s and the Company’s unfunded defined retirement benefits are as follows: Group Company 2017 % 2016 % 2017 % 2016 % Discount rate 5.30 5.40 5.30 5.40 Expected rate of salary increase 5.00 5.00 5.00 5.00