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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2019(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)8.%u0009 Employee benefits (continued)2019 changes in the defined benefit obligation and fair value of plan assets:DefinedbenefitobligationFair value of plan assetsNet benefitassetEmployee benefitobligation$ $ $ $Balance at 1 January 2019 116,627 (208,780) (92,153) 5,581Pension cost charged to profit or lossCurrent service cost 3,402 %u2013 3,402 170Past service cost %u2013 %u2013 %u2013 %u2013Administrative expenses %u2013 97 97 %u2013Net interest 5,790 (10,342) (4,552) 273Sub-total included inprofit or loss 9,192 (10,245) (1,053) 443Re%u2013measurement (gains)/lossesin OCIExperience adjustments (487) (10,518) (11,005) 91Transfers (282) 282 %u2013 %u2013Sub-total included in OCI (769) (10,236) (11,005) 91Other movementsContributions by employee 1,162 (1,162) %u2013 %u2013Contributions by employer %u2013 (1,162) (1,162) %u2013Benefits paid (5,655) 5,655 %u2013 (360)Sub-total %u2013 other movements (4,493) 3,331 (1,162) (360)Balance at 31 December 2019 120,557 (225,930) (105,373) 5,75592 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2019