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108 GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES GUARDIAN MEDIA LIMITED AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTSFOR THE YEAR ENDED 31 DECEMBER 2023(Expressed in Thousands of Trinidad and Tobago Dollars, except where otherwise stated)(Continued)8. Employee benefits (continued)2023 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 2023 133,854 (241,385) (107,531) 5,737Pension cost charged to profit or lossCurrent service cost 2,723 %u2013 2,723 195Administrative expenses %u2013 225 225 %u2013Net interest 6,483 (11,820) (5,337) 281Sub-total included inprofit or loss 9,206 (11,595) (2,389) 476Re%u2013measurement (gains)/lossesin OCIExperience adjustments (12,241) 16,173 3,932 (325)Transfers (2,957) 2,957 %u2013 %u2013Sub-total included in OCI (15,198) 19,130 3,932 (325)Other movementsContributions by employee 1,140 (1,140) %u2013 %u2013Contributions by employer %u2013 (1,140) (1,140) %u2013Benefits paid (6,322) 6,322 %u2013 (437)Sub-total %u2013 other movements (5,182) 4,042 (1,140) (437)Balance at 31 December 2023 122,680 (229,808) (107,128) 5,451