GRUPO TMM SAB | CIK:0001163560 | 3

  • Filed: 5/7/2018
  • Entity registrant name: GRUPO TMM SAB (CIK: 0001163560)
  • Generator: EDGARfilings PROfile
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1163560/000114036118021937/0001140361-18-021937-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1163560/000114036118021937/gtmay-20171231.xml
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    • ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory

    The changes in the pension plan, seniority premium, and termination of employment plan at December 31, 2017 and 2016 are as follows:
     
      
    2017
    		  
    2016
    		 
    Reserve for obligations at year start
    		 
    $
    164,207
    		  
    $
    211,242
    		 
    Total cost for the year
    		  
    21,284
    		   
    (14,764
    )
    Contributions to the plan
    		  
    (9,272
    )
    		  
    (13,739
    )
    Benefits paid charged to the reserve
    		  
    (296
    )
    		  
    (1,128
    )
    Actuarial gain
    		  
    (223
    )
    		  
    (17,404
    )
    Reserve for obligations at year end
    		 
    $
    175,560
    		  
    $
    164,207
    		 
     
    The significant actuarial assumptions used for the valuation are:
     
      
    2017
    		  
    2016
    		 
    Discount rate
    		  
    9.25
    %
    		  
    9.00
    %
    Salary increase rate
    		  
    4.00
    %
    		  
    4.00
    %
    Inflation rate
    		  
    3.50
    %
    		  
    3.50
    %
    Average working life expectancy
    		  
    19.80
    		   
    19.80
    		 
     
    The following table summarizes the effects of changes to these actuarial assumptions on the defined benefits obligations at December 31, 2017:
     
      
    1.0% increase
    		  
    1.0% decrease
    		 
    Discount rate
    		      
    (Decrease) increase in the defined benefits obligation
    		 
    $
    (6,161
    )
    		 
    $
    6,565
    		 
             
      
    1.0% increase
    		  
    1.0% decrease
    		 
    Salary increase rate
    		        
    Increase (decrease) in the defined benefits obligation
    		 
    $
    4,416
    		  
    $
    (4,173
    )
     
      
    One year
    Increase
    		  
    One year
    decrease
    		 
    Average life expectancies
    		      
    Increase (decrease) in the defined benefits obligation
    		 
    $
    5,583
    		  
    $
    (5,736
    )