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FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
24.
TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES (CONT’D)
(a) Defined benefit plan – Taiwan (Cont’d)
Movement in the present value of defined benefit obligations:
The Group
2015
2014
RM
RM
At 1 January
5,349,093
3,381,916
Current service costs and interest
117,565
1,324,775
Actuarial losses in other comprehensive income
652,811
575,303
Defined plan payable
(13,331)
-
Exchange difference
1,012,192
67,099
At 31 December
7,118,330
5,349,093
Movement in the fair value of plan assets:
The Group
2015
2014
RM
RM
At 1 January
4,210,596
3,947,697
Expected return on plan assets
88,677
78,811
Actuarial losses in other comprehensive income
33,290
15,790
Contribution paid into the plan
164,279
141,065
Defined plan payable
(13,331)
-
Exchange difference
774,674
27,233
At 31 December
5,258,185
4,210,596
Expenses recognised in profit or loss:
The Group
2015
2014
RM
RM
Current service costs and interests
1,118,812
440,695
Expected return on plan assets
(88,677)
(78,811)
Net benefit expense
1,030,135
361,884
Actuarial gains and losses recognised directly in other comprehensive income:
The Group
2015
2014
RM
RM
Actuarial losses recognised during the year
(514,203)
(464,396)
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)