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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
24. TRADE PAYABLES, OTHER PAYABLES AND ACCRUED EXPENSES (CONT’D)
Included in other payables are defined benefit plan as detailed below: (Cont’d)
(a) Defined benefit plan – Taiwan (Cont’d)
Plan assets comprise:
The Group
2016
2015
RM
RM
Cash at bank
1,052,643
936,483
Short-term investments
159,880
79,924
Debentures
700,206
648,860
Fixed income investments
864,171
812,916
Equity securities
2,636,276
2,575,459
Others
421,874
204,543
5,835,050
5,258,185
Movement in the present value of defined benefit obligations:
The Group
2016
2015
RM
RM
At 1 January
7,118,330
5,349,093
Current service costs and interest
130,378
117,565
Actuarial losses in other comprehensive income
511,644
652,811
Defined plan payable
-
(13,331)
Exchange difference
525,102
1,012,192
At 31 December
8,285,454
7,118,330
Movement in the fair value of plan assets:
The Group
2016
2015
RM
RM
At 1 January
5,258,185
4,210,596
Expected return on plan assets
91,644
88,677
Actuarial (losses)/gains in other comprehensive income
(52,864)
33,290
Contribution paid into the plan
173,265
164,279
Defined plan payable
-
(13,331)
Exchange difference
364,820
774,674
At 31 December
5,835,050
5,258,185
Notes To The Financial Statements
(cont’d)