DMIT Annual Report 2017

N OTES TO THE C ONSOLIDATED F INANCIAL S TATEMENTS (Thousands of US dollars) Dar Al-Maal Al-Islami Trust 79 35. Retirement benefit plans (continued) Present value of obligation Fair value of plan assets Total At 1 January 2016 60,403 (53,164) 7,239 Current service cost 1,140 (364) 776 Financial costs/(income) 412 - 412 61,955 (53,528) 8,427 Remeasurements: Return on plan assets, excluding amounts included in financial (income)/costs - (1,163) (1,163) Loss/(gain) from change in demographic assumptions 35 - 35 Loss/(gain) from change in financial assumptions 485 - 485 Experience (gains)/losses (3,345) - (3,345) (2,825) (1,163) (3,988) Exchange differences (1,279) 1,172 (107) Contributions: Employers - (704) (704) Plan participants 161 (161) - Payments from plans: Benefit payments (14,701) 14,701 - Insurance premiums for risk benefits (132) 132 - At 31 December 2016 43,179 (39,551) 3,628