FGV Audited Financial Statements 2020

50 PROVISION FOR DEFINED BENEFIT PLAN (continued) The movements during the financial year in the amounts recognised in the statement of financial position of the Group and Company are as follows: Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Present value of unfunded obligation: At 1 January 87,801 82,961 1,706 2,094 (Credit)/charge to profit or loss (22,189) 16,163 (864) 369 Benefits paid (2,363) (17,057) (12) (617) Re-measurement 4,333 5,602 47 (140) Currency translation difference (90) 132 - - At 31 December 67,492 87,801 877 1,706 The remeasurement amounts recognised in the other comprehensive income are determined as follows: Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Re-measurement: - Changes in financial assumptions - 3,363 13 (193) - Effect of changes in demographic assumptions 2,294 (1,037) - - - Experience adjustments 2,039 3,276 34 53 4,333 5,602 47 (140) The amounts recognised in profit or loss are as follows: Group Company 2020 RM’000 2019 RM’000 2020 RM’000 2019 RM’000 Current service cost 2,944 10,475 44 319 Loss on settlement - 2,817 - - Finance cost 2,564 3,836 33 106 Past service cost adjustment (27,856) - (941) - Remeasurement 159 (965) - (56) (Credit)/charge recognised in profit or loss (22,189) 16,163 (864) 369 172 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020