In 2016, the pension fund changed the pension conversion rates, what has been considered as an amendment of the pension plan.
|
in USD ‘000 |
|
2017 |
|
|
2016 |
|
||
|
Change in defined benefit obligation |
|
|
|
|
|
|
|
|
|
Defined benefit obligation at January 1, |
|
|
(9,201 |
) |
|
|
(7,765 |
) |
|
Current service cost |
|
|
(795 |
) |
|
|
(774 |
) |
|
Interest cost |
|
|
(72 |
) |
|
|
(70 |
) |
|
Net benefits paid |
|
|
(1,604 |
) |
|
|
(643 |
) |
|
Currency translation effects |
|
|
(403 |
) |
|
|
163 |
|
|
Remeasurements: |
|
|
|
|
|
|
|
|
|
Impact of plan amendment |
|
|
— |
|
|
|
512 |
|
|
Effect of changes in demographic assumptions |
|
|
— |
|
|
|
(316 |
) |
|
Effect of changes in financial assumptions |
|
|
155 |
|
|
|
(203 |
) |
|
Effect in experience assumptions |
|
|
(310 |
) |
|
|
(105 |
) |
|
Defined benefit obligation at December 31, |
|
|
(12,230 |
) |
|
|
(9,201 |
) |