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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)2017 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 2017 106,546 (194,997) (88,451) 3,678Pension cost charged to proft or lossCurrent service cost 4,317 %u2013 4,317 105Past service cost %u2013 %u2013 499 %u2013Administrative expenses %u2013 155 155 %u2013Net interest 5,929 (9,761) (4,331) 182Sub%u2013total included in proft or loss 10,246 (9,606) 640 287Re%u2013measurement (gains)/lossesin OCIExperience adjustments (1,532) 1,507 (25) 624Transfers 1,487 (1,487) %u2013 %u2013Sub%u2013total included in OCI (45) 20 (25) 624Other movementsContributions by employee 1,470 (1,470) %u2013 %u2013Contributions by employer %u2013 (1,470) (1,470) %u2013Benefts paid (5,150) 5,150 %u2013 (193)Sub%u2013total %u2013 other movements (3,680) 2,210 (1,470) (193)Balance at 31 December 2017 113,067 (202,373) _(89,306) 4,39684 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2018