16
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
NET EMPLOYEE RETIREMENT BENEFITS (LIABILITIES)/ASSETS (Continued)
(a) Defined benefit retirement plan (Continued)
(v) (Continued)
The current service cost, the net income on defined benefit liability/asset and the administrative expenses paid are recognised in the following item in the consolidated statement of profit or loss:
(vi)
Administrative expenses
2015
HK$'000
2014
HK$'000
4,091
1,580
Significant actuarial assumptions (expressed as weighted averages) and sensitivity analysis are as follows:
Discount rate
Long-term salary increase rate
2015
1.5%
3.5%
2014
1.4%
3.5%
The below analysis shows how the net defined benefit liability (2014: net defined benefit asset) would have (increased)/decreased (2014: increased/(decreased)) as a result of 0.25% change in the significant actuarial
assumptions:
Discount rate Future salary
Liability
Asset
(Increase)
in 0.25%
2015
HK$'000
Decrease
Increase
(Decrease)
in 0.25%
in 0.25%
in 0.25%
2015
HK$'000
2014
HK$'000
2014
HK$'000
893
(821)
(921)
(502)
516
801
434
(425)
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.
Hong Kong Ferry (Holdings) Company Limited
107
Annual Report 2015
No comments yet.
Private notes are available after approval.