Page 112 - ICD-AR22-English

Notes to the Separate Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022
The breakdown of net employee pension liabilities was as follows:
31 December 2022 (USD)
2022
SPP
RMSP
SRMP
Total
Defined benefit obligations (note 18.1)
Less: plan assets (note 18.2)
Defined benefit obligations (note 18.1)
Less: plan assets (note 18.2)
57,944,854
(43,111,985)
83,638,356
(48,535,006)
776,755 1,036,286
(4,904,164) (550,733)
- 7,108,723
- (2,489,321)
59,757,895
(48,566,882)
90,747,079
(51,024,327)
Net employee benefit liabilities
14,832,869
(4,127,409)
485,553
11,191,013
31 December 2021 (USD)
2021
SPP
RMSP
SRMP
Total
Net employee benefit liabilities
35,103,350
-
4,619,402
39,722,752
18.1 The movement in the present value of defined benefit obligation is as follows:
SPP
RMSP
SRMP
31 December 2022 USD
31 December 2021 USD
31 December 2022 USD
31 December 2021 USD
31 December 2022 USD
31 December 2021 USD
Balance as at 1 January
Current service costs
Past service costs
Cost of defined benefit obligation
Plan participants contributions
Net actuarial deficit
Disbursements from plan assets Increase/(decrease) due to plan combinations
83,638,356
5,440,853 - 2,395,000 1,478,737 (33,627,090) (1,381,002) -
93,614,706
6,476,323 - 2,421,000 1,872,371 (19,533,968) (1,212,076) -
- -
569,898 -
(2,425,096) -
164,059 -
480,325 -
(3,735,121) -
- -
5,722,690 -
7,108,723
36,635
-
38,941
9,291
(374,256)
(60,358)
(5,722,690)
8,354,399
571,391
-
216,000
95,080
(2,082,933)
(45,214)
-
57,944,854
83,638,356
776,755
-
1,036,286
7,108,723
110 ICD ANNUAL REPORT 2022