NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 25 EMPLOYEE BENEFITS (CONT’D) Group 2025 2024 $’000 $’000 Changes in the present value of defined benefit obligations Defined benefit obligations at 1 January 83,311 90,903 Remeasurements: – Experience adjustment 1,458 (4,013) – Actuarial gain from changes in financial assumptions (589) (5,153) Benefits paid (4,648) (3,661) Interest cost 4,119 3,999 Current service costs 367 305 Past service costs – 2 Translation differences on consolidation 1,150 929 Defined benefit obligations at 31 December 85,168 83,311 Changes in the fair value of plan assets Fair value of plan assets at 1 January 84,276 88,826 Return on plan assets, excluding interest income 1,136 (6,011) Contributions by employer 318 225 Benefits paid (4,614) (3,661) Interest income 4,259 3,969 Translation differences on consolidation 1,241 928 Fair value of plan assets at 31 December 86,616 84,276 Represented by: Net defined benefit asset (5,401) (4,877) Net defined benefit liability 3,953 3,912 (1,448) (965) The fair values of plan assets in each category are as follows: Group 2025 2024 $’000 $’000 Equity 69,523 66,656 Bonds 10,131 11,116 Cash 6,962 6,504 Fair value of plan assets 86,616 84,276 Expenses recognised in profit or loss Current service costs 367 305 Past service costs – 2 Net interest (income)/costs (140) 30 Defined benefit obligation expenses 227 337 172 | CITY DEVELOPMENTS LIMITED
RkJQdWJsaXNoZXIy ODIwNTc=