2009 - TDM Berhad

TDM Berhad (6265-P) 111Notes to the Financial Statements27. Employee Benefits (cont’d.)(a)Retirement benefit obligations (cont’d.)GroupCompany2009 2008 2009 2008RM’000 RM’000 RM’000 RM’000Analysed as:Current:Not later than 1 year – 203 – 203Non current:Later than 5 years 1,794 1,438 374 –1,794 1,641 374 203The amounts recognised in the income statements are determined as follow:-GroupCompany2009 2008 2009 2008RM’000 RM’000 RM’000 RM’000Current service cost 103 39 13 6Interest cost 117 53 20 6Net actuarial losses (11) – (11) –Transfer from a subsidiary – – 149 –Reversal of provision during the year – (121) – –Amortisation of transitional liability – 3 – –Total included in employee benefi ts expense (Note 6) 209 (26) 171 12All of the Group’s and Company’s charge for the year has been included in operating costs.Principal actuarial assumptions used:2009 2008Discount rate 6.4% 5.6%Average salary increase 6.0% 6.0%The Retirement Benefi t Scheme was revalued on 30 November 2009. As at that date, the revaluation showed that the Group’sprovision for retirement benefi ts was suffi cient to meet the actuarially determined value of vested benefi ts.