CFSL Integrated Report 2021

170 C I M F I N A N C I A L S E R V I C E S L T D 25. POST-EMPLOYMENT BENEFIT LIABILITIES (CONT’D) (b) Unfunded pension schemes Unfunded pension schemes comprise of pensions paid out of cash flow. GROUP & COMPANY Sep-21 MUR m Sep-20 MUR m (i) Amounts recognised in the Statements of Financial Position are as follows: Present value of unfunded obligation 24.4 45.1 Liability in the Statements of Financial Position 24.4 45.1 (ii) Amounts recognised in profit or loss and other comprehensive income are as follows: Net interest on net defined benefit liability 1.2 2.1 Components of amount recognised in profit or loss 1.2 2.1 Liability experience (gain)/loss (15.2) 2.5 Liability (gain)/loss due to change in financial assumptions (2.4) 7.6 Components of amount recognised in other comprehensive income (17.6) 10.1 (iii) Movements in liability recognised in Statements of Financial Position: At 1 October 45.1 37.7 Interest expense 1.2 2.1 Other benefits paid (4.3) (4.8) Liability experience (gain)/loss (15.2) 2.5 Liability (gain)/loss due to change in financial assumptions (2.4) 7.6 At 30 September 24.4 45.1 (iv) Sensitivity Analysis on defined benefit obligation at end of period Increase due to 1% decrease in discount rate 1.3 2.9 Decrease due to 1% increase in discount rate 1.2 2.6 The above sensitivity analysis has been carried out by recalculating the present value of the obligation at the end of the period after increasing or decreasing the discount rate while leaving all other assumptions unchanged. Any similar variation in the other assumptions would have shown smaller variations in the defined benefit obligation. The sensitivity analysis may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated. Explanatory Notes 30 SEPTEMBER 2021 E x p l a n a t o r y N o t e s

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