| CIM FINANCE. INTEGRATED REPORT 2022 180 25. POST EMPLOYMENT BENEFIT LIABILITIES (CONT’D) GROUP COMPANY Sep-22 MUR m Sep-21 MUR m Sep-22 MUR m Sep-21 MUR m (i) Amount recognised in the Statements of financial position are as follows: Present value of funded obligations 105.8 95.1 105.8 95.1 Fair value of plan assets (55.0) (61.6) (55.0) (61.6) Liability in the Statements of Financial Position 50.8 33.5 50.8 33.5 The reconciliation of the opening balances to the closing balances for the net defined benefit liability is as follows: At 1 October 33.5 51.8 33.5 - Amalgamation adjustment - - - 51.8 Charged to profit or loss 4.5 4.9 4.5 4.9 Charged (credited) to other comprehensive income 14.6 (21.2) 14.6 (21.2) Contributions paid (1.8) (2.0) (1.8) (2.0) At 30 September 50.8 33.5 50.8 33.5 (ii) Amount recognised inprofit or loss andother comprehensive income are as follows: Service cost: Current service cost 3.1 3.5 3.1 3.5 Net interest 1.4 1.4 1.4 1.4 Components of amount recognised in profit or loss 4.5 4.9 4.5 4.9 Return on plan assets below/(above) interest income 2.8 (11.1) 2.8 (11.1) Liability experience loss 0.3 4.9 0.3 4.9 Liability loss/(gain) due to change in financial assumptions 11.5 (15.0) 11.5 (15.0) Components of amount recognised in other comprehensive income 14.6 (21.2) 14.6 (21.2) (a) Pension benefits The Group operates a final salary defined benefit pension plan for some employees. The assets are held separately from the Group under the control of the Management Committee of Rogers Pension Fund (RPF). The Group contributes to the pension plan in respect of some employees who have a No Worse Off Guarantee (NWOG) so that their benefits would not be worse than what they would have earned under a previous defined benefit plan. EXPLANATORY NOTES 30 SEPTEMBER 2022
RkJQdWJsaXNoZXIy MzQ3MjQ5