Page 113 - ICD-AR22-English

Notes to the Separate Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022
18.2 The movement in the present value of the plan assets 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
Income on plan assets
Return on plan assets greater / (less) than discount rate
Plan participants contributions
Employer contribution
Employer Direct Settlement Payments
Disbursements from plan assets
Increase/(decrease) due to plan combinations
Others 168,606
48,535,006
1,441,000
45,341,816 -
1,203,000 - 1,872,371 480,325
4,372,891 473,053
- -
(1,212,076) -
- 1,481,500
794,937 2,469,286
- 2,488,305
- 28,293 - 9,291
- 18,583
- 11,485
- (60,358)
- (1,481,500)
- (2,365)
2,173,284
57,000 31,388
95,080
170,550
-
(45,214)
-
7,233
(10,593,988)
(3,837,933)
-
-
(461,001)
1,478,737 3,463,626 - (1,381,002) -
43,111,985
48,535,006
4,904,164
-
550,733
2,489,321
The above net liability mainly represents the cumulative actuarial losses resulting from the difference between the actual experience and the assumptions used in estimating the liability, which is recognized by the Corporation in the members’ equity immediately in the year, it arises, if material.
REINVIGORATING THE PRIVATE SECTOR TO SHAPE A BETTER FUTURE 111