Page 77 - Demo

77GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 20157. Employee benefts (continued)The major categories of plan assets as a percentage of the fair value of total plan assets are as follows:2015 2014Local equities %u2013 quoted 35% 35%Local bonds 33% 31%Foreign investments 19% 21%Real estate and mortgages 2% 2%Short term securities 11% 11%Principal actuarial assumptions at the reporting date:2015 2014 Discount rate at 31 December 5% 5%Future salary increases 3% 3%Future medical claims infation 3% 3%Shown below is a quantitative sensitivity analysis for the impact of signifcant assumptions on the defned beneft obligation:Future salary Future medicalAssumptions Discount rate increases claims infation1% 1% 1% 1% 1% 1%Sensitivity level increase decrease increasedecrease increase decreaseAt 31 December (13,166) 16,765 3,693 (3,359) 600 (490) 2015At 31 December (12,097) 15,483 4,120 (3,735) 599 (489) 2014(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)