CFSL - Annual report 2018

EXPLANATORY NOTES 30 SEPTEMBER 2018 25. POST EMPLOYMENT BENEFIT ASSETS/LIABILITIES(CONT’D) GROUP Sep-18 Sep-17 MUR m MUR m (a) Pension benefits (cont’d) (iii) Movements in the defined benefit obligations over the year is as follows: At 1 October 25.5 27.1 Current service cost 1.2 1.0 Past service cost (1.2) - Interest expense 1.6 1.7 Benefits paid on settlement 1.0 - Other benefits paid (3.0) - Liability experience loss 6.8 1.8 Liability loss/(gain) due to change in financial assumptions 2.5 (0.3) Disposal of subsidiaries (note 35) - (5.8) At 30 September 34.4 25.5 (iv) Movements in the fair value of plan assets over the year is as follows: At 1 October 32.3 37.0 Interest income 2.0 2.0 Employer contribution 7.2 0.4 Benefits paid (2.0) - Return on plan assets excluding interest income 2.1 2.0 Disposal of subsidiaries (note 35) - (9.1) At 30 September 41.6 32.3 (v) Sensitivity analysis on defined benefit obligation at end of year Increase due to 1% decrease in discount rate 17.2 15.5 Decrease due to 1% increase in discount rate 13.7 12.2 116 CIM FINANCIAL SERVICES LTD ANNUAL REPORT 2018