| |
As at Dec 31 2014 |
As at Dec 31 2013 |
|
Liabilities under length-of-service awards
|
491
|
425
|
|
Liabilities under severance
|
100
|
78
|
|
Wages and salaries payable
|
74
|
57
|
|
Amounts payable for unused holiday entitlement
|
63
|
68
|
|
Termination benefits
|
10
|
25
|
|
Other employee benefit obligations
|
150
|
224
|
|
Total
|
888
|
877
|
|
|
|
|
|
Non-current employee benefit obligations
|
604
|
502
|
|
Current employee benefit obligations
|
284
|
375
|
25.1. Actuarial gains and losses for length-of-service award and retirement severance obligations
| |
As at Dec 31 2014 |
As at Dec 31 2013 |
|
Length-of-service awards
|
|
|
|
Value of obligation disclosed in the statement of financial position at beginning of the period
|
425
|
175
|
|
Interest expense
|
11
|
3
|
|
Current service cost
|
24
|
19
|
|
Past service cost
|
17
|
1
|
|
Benefits paid
|
(61)
|
(62)
|
|
Actuarial gain/(loss)
|
69
|
282
|
|
Gain/(loss) due to curtailments or settlements
|
5
|
7
|
|
Reclassification to liabilities associated with assets held for sale
|
1
|
-
|
|
Value of obligation disclosed in the statement of financial position at end of the period
|
491
|
425
|
|
|
|
|
|
Retirement severance
|
|
|
|
Value of obligation disclosed in the statement of financial position at beginning of the period
|
78
|
202
|
|
Interest expense
|
2
|
4
|
|
Current service cost
|
4
|
2
|
|
Past service cost
|
(1)
|
-
|
|
Benefits paid
|
(14)
|
(15)
|
|
Actuarial gain/(loss)
|
30
|
(108)
|
|
Gain/(loss) due to curtailments or settlements
|
1
|
(7)
|
|
Value of obligation disclosed in the statement of financial position at end of the period
|
100
|
78
|
|
|
|
|
|
Total value of obligation disclosed in the statement of financial position at end of the period
|
591
|
503
|
The technical rate applied to calculate the discounted value of the future retirement severance obligations was 0.9%, as the resultant of the 2.5% annual return on long-term treasury bonds and the 1.6% forecast annual salary growth (at the end of 2013 the applied technical rate was 2.4%, as the resultant of 4.35% and 1.9%, respectively).
