16
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
NET EMPLOYEE RETIREMENT BENEFITS LIABILITIES (Continued)
(a)
Defined benefit retirement plan (Continued)
(iv)
Movements in plan assets:
(v)
2018
HK$'000
2017
HK$'000
At 1 January
34,085
30,844
Interest income
583
559
Return (less)/greater than discount rate
(604)
2,332
Benefits paid by the plan
(203)
Administrative expenses paid
(111)
(112)
Contributions paid to the plan
687
665
At 31 December
34,640
34,085
Amounts recognised in the consolidated statement of profit or loss and other comprehensive income are as follows:
2018
HK$'000
2017
HK$'000
Current service cost
1,180
1,160
Net interest on net defined benefit liability
46
74
Administrative expenses paid
111
112
Total amounts recognised in profit or loss
1,337
1,346
Actuarial (gain)/loss
(275)
207
Return on plan assets, excluding interest income
604
(2,332)
Total amounts recognised in other comprehensive income
329
(2,125)
Total defined benefit costs
1,666
(779)
Hong Kong Ferry (Holdings) Company Limited
141
Annual Report 2018