Page 76 - Demo

76GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 20157. Employee benefts (continued)2015 changes in the defned beneft obligation and fair value of plan assetsDefned beneft obligationFair value of plan assetsEmployee beneft assetEmployee beneft obligation$ $ $ $Balance at 1 January 2015 89,613 (182,233) (92,620) 4,445Pension cost charged to proft or lossCurrent service cost 3,678 %u2013 3,678 110Administrative expenses %u2013 49 49 %u2013Net interest 4,527 (9,101) (4,574) 219Sub%u2013total included in proft or loss 8,205 (9,052) (847) 329Re%u2013measurement gains/(losses) in OCIExperience adjustments 4,750 3,384 8,134 (24)Sub%u2013total included in OCI 4,750 3,384 8,134 (24)Other movementsContributions by employee 1,396 (1,396) %u2013 %u2013Contributions by employer %u2013 (1,396) (1,396) %u2013Transfers (108) 108 %u2013 %u2013Benefts paid (3,222) 3,222 %u2013 (257)Sub%u2013total %u2013 other movements (1,934) 538 (1,396) (257)Balance at 31 December 2015 100,634 (187,363) (86,729) 4,493(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)