Entire Document - Chris Hani District Municipality

Movements in the present value of the Defined Benefit Obligation were as follows:Balance at the beginning of the year 21 766 827 22 273 109Current service costs 982 529 1 052 744Interest cost 1 861 982 2 023 255Benefits paid (696 048) (673 944)Actuarial losses / (gains) 2 253 784 (2 908 337)CHRIS HANI DISTRICT MUNICIPALITY ANNUAL REPORT 2011 / 2012Present Value of Fund Obligation at the end of the Year 26 169 074 21 766 827Actuarial losses / (gains) unrecognised - -Total Recognised Benefit Liability 26 169 074 21 766 827The amounts recognised in the Statement of Financial Position areas follows:Present value of fund obligations 26 169 074 21 766 827Unfunded Accrued Liability 26 169 074 21 766 827Unrecognised Actuarial Gains / (Losses) - -Total Benefit Liability 26 169 074 21 766 827The amounts recognised in the Statement of Financial Performanceare as follows:Current service cost 982 529 1 052 744Interest cost 1 861 982 2 023 255Actuarial losses / (gains) 2 253 784 (2 908 337)Total Post-retirement Benefit included in Employee Related Costs(Note 27)The history of experienced adjustments is as follows:5 098 295 167 6632012 2011 2010 2009 2008R R R R RPresent Value of DefinedBenefit Obligation26 169 074 21 766 827 22 273 109 18 460 067 15 762 816Deficit 26 169 074 21 766 827 22 273 109 18 460 067 15 762 816Experienced adjustmentson Plan Liabilities5 329 200 (1 481 847) 2 610 116 1 084 656 -138