Section 8 UEM Edgenta Berhad FINANCIAL STATEMENTS 344 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 32. RETIREMENT BENEFIT OBLIGATIONS (CONTD.) The details of net employee benefits expense recognised in income statement are as follows: Group 2023 RM’000 2022 RM’000 Current service costs 22 21 (Gain)/loss on settlement (715) 209 Interest cost 93 181 Net employee benefits expense (Note 8) (600) 411 Total amount recognised in statement of comprehensive income Group 2023 RM’000 2022 RM’000 Cumulative amount of actuarial loss recognised in statement of comprehensive income: At 1 January 142 963 Actuarial gain recognised in other comprehensive income - (821) At 31 December 142 142 Historical experience adjustments: PVDBO 1,161 2,082 Experience adjustment (value) - (821) Experience adjustment (% of PVDBO) 0% -39% Principal actuarial assumptions used: 2023 % 2022 % Discount rate 4.50 4.50 Expected rate of salary increases 4.00 4.00 Assumptions regarding future mortality are based on published statistics and mortality tables.
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