Note 20 Employee benefits
As at 31.12.2015 |
As at 31.12.2014 |
|
---|---|---|
Liability for pension benefits | 110 781 | 104 056 |
Liability for jubilee benefits | 209 311 | 199 328 |
Liability for Social Fund benefits for pensioners | 14 284 | 14 290 |
Other liabilities | 25 759 | 25 239 |
360 135 | 342 913 | |
Thereof: | ||
Non-current | 326 968 | 312 419 |
Current | 33 167 | 30 494 |
360 135 | 342 913 |
Changes in defined benefit obligation
For the period 01.01.2015 – 31.12.2015 |
For the period 01.01.2014 – 31.12.2014 |
|
---|---|---|
Balance at the beginning of the period | 143 585 | 115 027 |
Current service costs (+) | 6 671 | 5 268 |
Interest costs (+) | 4 011 | 4 597 |
Remeasurement of defined benefit plan net assets/liabilities, resulting from: | 6 987 | 23 542 |
– changes in demographic estimates (+/-) | 7 056 | 5 538 |
– changes in financial assumptions (+/-) | (69) | 18 004 |
Past service costs(+/-) | – | 1 779 |
Effect of movements in exchange rates (+/-) | (1) | 2 |
Benefits paid (-) | (10 429) | (6 630) |
Balance at the end of the period | 150 824 | 143 585 |
Changes in other long-term benefit obligation
For the period 01.01.2015 – 31.12.2015 |
For the period 01.01.2014 – 31.12.2014 |
|
---|---|---|
Balance at the beginning of the period | 199 328 | 173 594 |
Current service costs (+) | 10 209 | 8 802 |
Interest costs (+) | 5 655 | 6 942 |
Actuarial gains or losses recognised in profit or loss for the period (+/-) | 12 888 | 27 697 |
Benefits paid (-) | (18 769) | (17 707) |
Balance at the end of the period | 209 311 | 199 328 |
Actuarial assumptions
As at 31.12.2015 |
As at 31.12.2014 |
|
---|---|---|
Discount rate % | 3.00% | 3.00% |
Future minimum wage increases | 4.00% | 4.00% |
Future average salary increases | 3.00% | 3.00% |