2013 — Page 97

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EMPLOYEE BENEFITS ASSETS (Continued)

(a) Defined benefit retirement plan (Continued)

(v)

(Continued)

Hong Kong Ferry (Holdings) Company Limited Annual Report 2013

Notes to the Accounts (Continued)

The current service cost, the net income on defined benefit asset and the administrative expenses paid are recognised in the following item in the consolidated profit and loss account:

Administrative expenses

2013

HK$'000

2012

HK$'000

Restated

1,671

1,504

(vi) Significant actuarial assumptions (expressed as weighted averages) and sensitivity analysis are as follows:

Discount rate

Future salary increases

- 2013

- 2014 and onwards

The Group and the Company

2013

2012

1.6%

0.5%

3.5%

3%

3.5%

3%

The below analysis shows how the defined benefit asset as at 31 December 2013 would have increased/

(decreased) as a result of 0.25% change in the significant actuarial assumptions:

Discount rate

Future salary increases

Increase

in 0.25%

HK$'000

Decrease

in 0.25%

HK$'000

(543)

558

475

(465)

The above sensitivity analysis is based on the assumption that changes in actuarial assumptions are not correlated and therefore it does not take into account the correlations between the actuarial

assumptions.

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