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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2018(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)7. Employee benefts (continued)2018 changes in the defned beneft obligation and fair value of plan assets: Defned beneft obligationFair value of plan assetsNet beneft assetEmployee beneft obligation $ $ $ $Balance at 1 January 2018 113,067 (202,373) (89,306) 4,396Pension cost charged to proft or lossCurrent service cost 3,707 %u2013 3,707 116Past service cost %u2013 %u2013 %u2013 %u2013Administrative expenses %u2013 148 148 %u2013Net interest 5,641 (10,043) (4,402) 214Sub%u2013total included in proft or loss 9,348 (9,895) (547) 330Re%u2013measurement (gains)/lossesin OCIExperience adjustments (1,702) 625 (1,077) 1,191Transfers (104) 104 %u2013 %u2013Sub%u2013total included in OCI (1,806) 729 (1,077) 1,191Other movementsContributions by employee 1,223 (1,223) %u2013 %u2013Contributions by employer %u2013 (1,223) (1,223)) %u2013Benefts paid (5,205) 5,205 %u2013 (336)Sub%u2013total %u2013 other movements (3,982) 2,759 (1,223) (336)Balance at 31 December 2018 116,627 (208,780) (92,153) 5,581FINANCIAL REPORT 83