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GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES ANNUAL REPORT 2022 95GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIESNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2022(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)8. Employee benefits (continued)2022 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 2022 128,893 (240,520) (111,627) 5,763Pension cost chargedto profit or lossCurrent service cost 3,035 %u2013 3,035 243Administrative expenses %u2013 235 235 %u2013Net interest 6,542 (12,078) (5,536) 284Sub-total included inprofit or loss 9,577 (11,843) (2,266) 527Re%u2013measurement (gains)/lossesin OCIExperience adjustments (2,890) 10,468 7,578 (154)Transfers 2,600 (2,600) %u2013 (3)Sub-total included in OCI (290) 7,868 7,578 (157)Other movementsContributions by employee 1,216 (1,216) %u2013 %u2013Contributions by employer %u2013 (1,216) (1,216) %u2013Benefits paid (5,542) 5,542 %u2013 (396)Sub-total %u2013 other movements (4,326) 3,110 (1,216) (396)Balance at 31 December 2022 133,854 (241,385) (107,531) 5,737