18
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
NET EMPLOYEE RETIREMENT BENEFITS LIABILITIES (Continued)
(a) Defined benefit retirement plan contine (1)
(iii) Movements in the present value of the defined benefit obligations:
2017
HK$'000
2016
HK$'000
At 1 January
35,312
41,039
Remeasurements:
- Actuarial loss/(gain) arising from changes in financial
assumptions
273
(767)
- Actuarial gain arising from changes in experience
(63)
(196)
- Actuarial (gain)/loss arising from change in demographic
assumptions
(3)
16
207
(947)
Current service cost
Interest cost
Benefits paid by the plan
Curtailments
Settlement
At 31 December
(iv)
Movements in plan assets:
1,160
1,331
633
552
(203)
(4,647)
(63)
(1,953)
37,109
35,312
2017
HK$'000
2016
HK$'000
At 1 January
30,844
36,709
Interest income
559
493
Return greater/(less) than discount rate
2,332
(298)
Benefits paid by the plan
(203)
(4,647)
Administrative expenses paid
(112)
(117)
Contributions paid to the plan
Settlement
665
657
(1,953)
At 31 December
34,085
30,844
129
Hong Kong Ferry (Holdings) Company Limited
Annual Report 2017