Page 114 - ICD-AR22-English

Notes to the Separate Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2022
18.3 Based on the actuarial valuations, the pension and medical benefit expenses for the year comprised the following:
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
Gross current service costs
Cost of defined benefit obligation Past service costs
Income from plan assets
Actuarial (gain)/loss due to change in assumption
Return on plan assets greater/(less) than discount rate
5,440,853
2,395,000 - (1,441,000)
6,476,323
2,421,000 - (1,203,000)
-
569,898 -
164,059 -
(2,425,096) -
- -
(2,469,286) -
36,635 571,391
38,941 216,000
- -
(28,293) (57,000)
(2,082,933) (31,388) 2,365 -
Cost recognized in separate income statement
6,394,853
7,694,323
(1,691,139)
-
47,283
730,391
(33,627,090)
(19,533,968)
(3,735,121)
-
(374,256)
10,593,988
3,837,933
-
-
461,001
Other (168,606)
Actuarial (gain)/loss recognized in statement of changes in members’ equity
(23,201,708)
(15,696,035)
(6,204,407)
-
89,110
(2,114,321)
18.4 The following table presents the plan assets by major category:
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
Investments in Sukuk 12,167,231
Managed funds and Installment sales 10,310,780 Cash and cash equivalent and commodity
placements
Land 3,877,670 Syndicated Murabaha 214,142
Others -
13,830,951 995,315 -
6,580,700 - -
3,932,613 - -
- 1,905,666 -
165,201 1,274,135 -
57,128 889,740
- - 1,103,120
-
- -
(185,743) 496,461
16,542,162
24,025,541
765,048
-
679,348
43,111,985
48,535,006
4,904,164
-
550,733
2,489,321
112 ICD ANNUAL REPORT 2022