annual report - Tenaga Nasional Berhad

30 EMPLOYEE BENEFITS (CONT’D.)The amounts recognised in the consolidated balance sheet are analysed as follows:R retirement Retirementbenefit plan medical plan TotalR rM’million RM’million RM’millionGroupAt 31 August 2007Present value of obligations 2,049.6 3,053.5 5,103.1Fair value of plan assets (648.2) 0 (648.2)Present value of unfunded obligations 1,401.4 3,053.5 4,454.9Unrecognised actuarial losses (193.8) (1,459.1) (1,652.9)Unrecognised past service cost (77.3) 0 (77.3)Others 5.9 0 5.9Liability in the balance sheet 1,136.2 1,594.4 2,730.6At 31 August 2008Present value of obligations 2,211.9 3,185.9 5,397.8Fair value of plan assets (615.1) 0 (615.1)Present value of unfunded obligations 1,596.8 3,185.9 4,782.7Unrecognised actuarial losses (62.0) 0 (62.0)Unrecognised past service cost (294.9) (1,307.6) (1,602.5)Others 6.6 0 6.6Liability in the balance sheet 1,246.5 1,878.3 3,124.8The expense recognised in the consolidated income statement is analysed as follows:R retirement Retirementbenefit plan medical plan TotalR rM’million RM’million RM’millionGroup2007Current service cost 133.2 8.4 141.6Interest cost 119.2 199.4 318.6Expected return on plan assets (28.6) 0 (28.6)Actuarial losses recognised 9.7 192.4 202.1Past service cost 15.5 0 15.5Total, included in staff costs 249.0 400.2 649.2Actual return on plan assets (144.0) 0 (144.0)[ Tenaga Nasional Berhad ] [ Annual Report 2008 ]235