Sensitivity analysis illustrates the sensitivity of the Group defined benefit obligation at December 31, 2017 by varying the discount rate and the salary increase rate by plus / minus 50 basis points:
|
in USD ‘000 |
|
Discount rate |
|
|
Discount rate |
|
|
Salary increase |
|
|
Salary increase |
|
|
Rate of pension increase |
|
|
Rate of pension increase |
|
||||||
|
Sensitivity analysis |
|
plus 50bps |
|
|
minus 50bps |
|
|
plus 50bps |
|
|
minus 50bps |
|
|
plus 25bps |
|
|
minus 25bps |
|
||||||
|
Discount rate |
|
|
1.30 |
% |
|
|
0.30 |
% |
|
|
0.80 |
% |
|
|
0.80 |
% |
|
|
0.80 |
% |
|
|
0.80 |
% |
|
Salary increase |
|
|
1.00 |
% |
|
|
1.00 |
% |
|
|
1.50 |
% |
|
|
0.50 |
% |
|
|
1.00 |
% |
|
|
1.00 |
% |
|
Rate of pension increases |
|
|
0.25 |
% |
|
|
0.25 |
% |
|
|
0.25 |
% |
|
|
0.25 |
% |
|
|
0.50 |
% |
|
|
0.00 |
% |
|
Defined benefit obligation |
|
|
(11,177 |
) |
|
|
(13,471 |
) |
|
|
(12,331 |
) |
|
|
(12,135 |
) |
|
|
(12,544 |
) |
|
|
(11,934 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average duration of the defined benefit obligation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2017 |
|
|
2016 |
|
||
|
Duration in years |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18.8 |
|
|
|
19.8 |
|
|