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492. Signi!cant accounting policies (continued)viii) Employee bene!ts!e Group operates various post-employment schemes, including both de\on pension plans and post-employment medical plan, the assets of which are generally held in separate trustee-administered funds.A de\arate entity. !e Group has no legal or constructive obligations to pay further contributions if the fund does not hold su$cient assets to pay all employees the bene\ no further payment obligations once the contributions have been paid. !e contributions are recognised as an employee bene\they are due. Prepaid contributions are recognised as an asset to the extent that a cash refund or a reduction in the future payments is available.A de\!e pension plans are generally funded by payments from employees and by the relevant Group companies, taking account of the rules of the pension plans and recommendations of independent quali\ccounting costs for the plans are assessed using the projected unit credit method.Re-measurements, comprising of actuarial gains and losses, the e#ect of the asset ceiling, excluding net interest (notapplicable to the Group) and the return on plan assets (excluding net interest), are recognised immediately in the statement of \iod in which theyoccur. Re-measurements are not reclassi\Past service costs are recognised in pro\t%u0001%u0107F%u0001EBUF PG UIF QMBO%u0001BNFOENFOU%u0001PS%u0001DVSUBJMNFOU%u0001BOEt%u0001%u0107F%u0001EBUF UIBU UIF (SPVQ%u0001SFDPHOJTFT%u0001SFTUSVDUVSJOH%u000eSFMBUFE%u0001DPTUTNet interest is calculated by applying the discount rate to the net de\ !e Group recognises the following changes in the net de\t%u00014FSWJDF%u0001DPTUT%u0001DPNQSJTJOH%u0001DVSSFOU%u0001TFSWJDF%u0001DPTUT%u0001QBTU%u000eTFSWJDF%u0001DPTUT%u0001HBJOT%u0001BOE%u0001MPTTFT%u0001PO%u0001DVSUBJMNFOU%u0001BOE%u0001OPO%u000eSPVUJOF%u0001%u0001settlements; andt%u0001/FU%u0001JOUFSFTU%u0001FYQFOTF%u0001PS%u0001JODPNF%u000f!e Group also provides other post-employment bene\ts is based on the employess remaining in service up to retirement age and the completion of a minimun service period. !e expected costs of these bene\hat for the de\bene\Notes to the Consolidated FInancial Statementsfor the Year Ended 31 December 2013(Expressed in thousands of Trinidad and Tobago Dollars, except where otherwise stated) (Continued)