(in thousands of USD) | December 31, 2017 | December 31, 2016 | December 31, 2015 | ||||||
NET LIABILITY AT BEGINNING OF PERIOD | (2,846 | ) | (2,038 | ) | (2,108 | ) | |||
Recognized in profit or loss | (827 | ) | (261 | ) | (108 | ) | |||
Recognized in other comprehensive income | 64 | (646 | ) | (44 | ) | ||||
Foreign currency translation differences | (375 | ) | 99 | 222 | |||||
NET LIABILITY AT END OF PERIOD | (3,984 | ) | (2,846 | ) | (2,038 | ) | |||
Present value of funded obligation | (3,537 | ) | (2,846 | ) | (852 | ) | |||
Fair value of plan assets | 2,760 | 2,117 | 539 | ||||||
(777 | ) | (729 | ) | (313 | ) | ||||
Present value of unfunded obligations | (3,207 | ) | (2,117 | ) | (1,725 | ) | |||
NET LIABILITY | (3,984 | ) | (2,846 | ) | (2,038 | ) | |||
Amounts in the balance sheet: | |||||||||
Liabilities | (3,984 | ) | (2,846 | ) | (2,038 | ) | |||
Assets | — | — | — | ||||||
NET LIABILITY | (3,984 | ) | (2,846 | ) | (2,038 | ) |