The following tables summaries the components of net benefit expense recognized in the income statement and the funded status and amounts recognized in the consolidated balance sheet for the plan:
|
|
|
For the year ended December 31, |
|
|||||||||
|
Net benefit cost |
|
2017 |
|
|
2016 |
|
|
2015 |
|
|||
|
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|||
|
Current service cost |
|
|
360 |
|
|
|
410 |
|
|
|
362 |
|
|
Interest cost on benefit obligation |
|
|
210 |
|
|
|
180 |
|
|
|
189 |
|
|
Net benefit cost |
|
|
570 |
|
|
|
590 |
|
|
|
551 |
|
|
|
|
For the year ended December 31, |
|
|||||||||
|
Other comprehensive income |
|
2017 |
|
|
2016 |
|
|
2015 |
|
|||
|
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|||
|
Actuarial (gain) / loss – experience |
|
|
251 |
|
|
|
217 |
|
|
|
(15 |
) |
|
Actuarial (gain) / loss – demographic assumption |
|
|
184 |
|
|
|
— |
|
|
|
(2 |
) |
|
Actuarial (gain) / loss – financial assumption |
|
|
337 |
|
|
|
(219 |
) |
|
|
171 |
|
|
Actuarial loss |
|
|
772 |
|
|
|
(2 |
) |
|
|
154 |
|
|
|
|
For the year ended December 31, |
|
|||||||||
|
Change in the defined obligation |
|
2017 |
|
|
2016 |
|
|
2015 |
|
|||
|
|
|
US$’000 |
|
|
US$’000 |
|
|
US$’000 |
|
|||
|
Defined benefit obligation at January 1 |
|
|
6,652 |
|
|
|
6,305 |
|
|
|
6,738 |
|
|
Current service cost |
|
|
360 |
|
|
|
410 |
|
|
|
362 |
|
|
Interest cost on benefit obligation |
|
|
210 |
|
|
|
180 |
|
|
|
189 |
|
|
Benefits paid directly by the Company |
|
|
(274 |
) |
|
|
(269 |
) |
|
|
(597 |
) |
|
Actuarial loss in other comprehensive income |
|
|
772 |
|
|
|
(2 |
) |
|
|
154 |
|
|
Exchange differences |
|
|
573 |
|
|
|
28 |
|
|
|
(541 |
) |
|
Defined benefit obligation at December 31 |
|
|
8,293 |
|
|
|
6,652 |
|
|
|
6,305 |
|