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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2020 87GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2020(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)8. Employee benefits (continued)2020 changes in the defined benefit obligation and fair value of plan assets:Defined benefit obligationFair value of plan assetsNet benefit assetEmployee benefit obligation$ $ $ $Balance at 1 January 2020 120,557 (225,930) (105,373) 5,755Pension cost charged to profit or lossCurrent service cost 3,362 %u2013 3,362 150Past service cost %u2013 %u2013 %u2013 %u2013Administrative expenses %u2013 127 127 %u2013Net interest 6,016 (11,241) (5,225) 282Sub-total included inprofit or loss 9,378 (11,114) (1,736) 432Re%u2013measurement (gains)/lossesin OCIExperience adjustments 1,498 14,495 15,993 138Transfers 288 (288) %u2013 %u2013Sub-total included in OCI 1,786 14,207 15,993 138Other movementsContributions by employee 1,251 (1,251) %u2013 %u2013Contributions by employer %u2013 (1,251) (1,251) %u2013Benefits paid (5,648) 5,648 %u2013 (378)Sub-total %u2013 other movements (4,397) 3,146 (1,251) (378)Balance at 31 December 2020 127,324 (219,691) (92,367) 5,947