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Notes to the Consolidated Financial Statements
(Thousands of US dollars)
72
Dar Al-Maal Al-Islami Trust
Annual Report 2014
35. Retirement benefit plans
(continued)
The movement in the defined benefit obligation over the year was as follows:
Present value
Fair value of
of obligation
plan assets
Total
At 1 January 2014
57,230
(55,434)
1,796
Current service cost
1,547
-
1,547
Financial costs/(income)
1,209
(1,185)
24
2,756
(1,185)
1,571
Remeasurements:
Return on plan assets,
excluding amounts
included in financial
costs/(income)
-
(1,016)
(1,016)
(Gain)/loss from change
in financial assumptions
7,146
-
7,146
Experience (gains)/losses
319
-
319
7,465
(1,016)
6,449
Exchange differences
(6,686)
5,963
(723)
Contributions:
Employers
-
(1,162)
(1,162)
Plan participants
267
(267)
-
Payments from plans:
Benefit payments
(1,176)
1,176
-
Insurance premiums
for risk benefits
(222)
222
-
At 31 December 2014
59,634
(51,703)
7,931