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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)2018 changes in the defined benefit obligation and fair value of plan assets:DefinedbenefitobligationFair value of plan assetsNet benefitassetEmployee benefitobligation$ $ $ $Balance at 1 January 2018 113,067 (202,373) (89,306) 4,396Pension cost charged to profit 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-total included in profit or loss 9,348 (9,895) (547) 330Re-measurement (gains)/lossesin OCIExperience adjustments (1,702) 625 (1,077) 1,191Transfers (104) 104 %u2013 %u2013Sub-total 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) %u2013Benefits paid (5,205) 5,205 %u2013 (336)Sub-total %u2013 other movements (3,982) 2,759 (1,223) (336)Balance at 31 December 2018 116,627 (208,780) (92,153) 5,581GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2019 93