Osim FR 050407.indd

Notes to the Financial Statements - 31 December 2006 (cont’d)28. Employee benefits (cont’d)b) Pension benefits plan (cont’d)iv)Changes in the fair value of plan assets are as follows:Group2006 2005$’000 $’000Fair value at beginning of year (1,154) (805)Expected returns (39) (65)Contribution by employer (85) (345)Actuarial losses 18 57Exchange differences on foreign plan 94 4Fair value at end of year (1,166) (1,154)v) Actuarial assumptions are as follows:Group2006 2005% %Discount rate used in determining present values 2.75 3.50Future salary increase rate 5.00 5.00Expected rate of return of plan assets 2.75 3.5029. RevenueIncome from sale of goods is recognised upon delivery of goods and acceptance by customers.Notes to the Financial Statements 144Annual Report 2006