2020 UEM Edgenta Annual Report

24. RETIREMENT BENEFIT OBLIGATIONS (CONTD.) Total amount recognised in statement of comprehensive income Group RM’000 2020 2019 Cumulative amount of actuarial loss recognised in statement of comprehensive income: At 1 January/31 December 963 963 Historical experience adjustments: PVDBO 3,395 3,747 Experience adjustment (% of PVDBO) 0% 0% Principal actuarial assumptions used: Group % 2020 2019 Discount rate 4.90 4.90 Expected rate of salary increases 5.00 5.00 Assumptions regarding future mortality are based on published statistics and mortality tables. A one percentage point change in the below key assumptions would have the following effects: (Decrease)/increase in PVDBO RM’000 2020 2019 Discount rate Increase in one percentage point on discount rate (86) (110) Decrease in one percentage point on discount rate 91 117 Salary increment rate Increase in one percentage point on salary increment rate 403 375 Decrease in one percentage point on salary increment rate (378) (352) The average duration of the retirement benefit obligation at the end of the reporting period is 3 years (2019: 3 years). UEM EDGENTA BERHAD 262 Financial Statements NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020