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216
Gamuda Berhad (29579-T) • Annual Report 2012
31. Retirement benefit obligations
The Group operates an unfunded, defined benefit Retirement Benefit Scheme (“the Scheme”) for its employees.
Under the Scheme, eligible employees are entitled to retirement benefits of 2.5% on the last drawn monthly basic
salary for each completed months of services on attainment of the retirement age of 55.
The amounts recognised in the statement of financial position are determined as follows:
Group
Company
2012
2011
2012
2011
RM’000
RM’000
RM’000
RM’000
Present value of unfunded defined
benefit obligations
13,441
13,551
2,164
2,865
Actuarial (gain)/loss, net
(1,353)
823
(619)
(701)
Net liability
12,088
14,374
1,545
2,164
Analysed as:
Current (Note 36)
1,081
4,152
312
943
Non-current:
Later than 1 year but not later than 2 years
708
782
82
274
Later than 2 years but not later than 5 years
3,038
2,509
172
214
Later than 5 years
7,261
6,931
979
733
Amount included in payables (Note 32 (a))
11,007
10,222
1,233
1,221
12,088
14,374
1,545
2,164
The amounts recognised in profit or loss are as follows:
Group
Company
2012
2011
2012
2011
RM’000
RM’000
RM’000
RM’000
Current service cost
2,052
5,210
184
203
Interest cost
822
692
240
192
Actuarial (loss)/gain recognised in the year
22
(495)
45
39
Total, included in staff costs and directors’
remuneration (Notes 5 and 6)
2,896
5,407
469
434
NoTES To ThE FINANCIAL STATEMENTS
31 July 2012