Annual Report 2012 - IOI Group

35. OTHER LONG TERM LIABILITIES (Continued)35.1 Retirement benefits (Continued)Expense recognised in profit or loss:GroupCompany2012RM’0002011RM’0002012RM’0002011RM’000Current service cost 15,416 20,172 56 56Interest cost 18,084 16,270 46 45Expected return on plan assets (18,294) (16,474) – –Net actuarial loss/(gain) 10,731 2,303 (15) (17)Past service cost (905) (774) 14 1425,032 21,497 101 98The expense is recognised in the following line items in profit or loss:GroupCompany2012RM’0002011RM’0002012RM’0002011RM’000Cost of sales 10,836 9,716 101 98Marketing and selling expenses 1,926 1,583 – –Administration expenses 12,270 10,198 – –25,032 21,497 101 98Actual gain on plan assets 43,070 2,916 – –Liability for defined benefit obligationsPrincipal actuarial assumptions used at the reporting period (expressed as weighted averages):Group and Company2012 2011Discount rate 3.7% 5.8%Expected return on plan assets 3.6% 4.7%Future salary increases 3.2% 3.2%35.2 Advances from non-controlling interestsThe advances from non-controlling interest are unsecured, bear interest at rates ranging from 1.41% to 1.56% (2011 – nil)per annum and are not repayable within the next twelve (12) months.Annual Report 2012IOI CORPORATION BERHAD 205