2018 UEM Edgenta Annual Report

26. RETIREMENT BENEFIT OBLIGATIONS (CONT’D.) Total amount recognised in statement of comprehensive income Group 2018 2017 RM’000 RM’000 Cumulative amount of actuarial loss recognised in statement of comprehensive income: At 1 January 710 768 Actuarial loss/(gain) recognised in other comprehensive income 253 (58) At 31 December 963 710 Historical experience adjustments: PVDBO 4,456 4,130 Experience adjustment (value) 253 (58) Experience adjustment (% of PVDBO) 6% -1% Principal actuarial assumptions used: 2018 2017 % % Discount rate 4.90 5.25 Expected rate of salary increases 5.00 6.00 Assumptions regarding future mortality are based on published statistics and mortality tables. A one percentage point change in the below key assumptions would have the following effects: Increase/(decrease) in PVDBO 2018 2017 RM’000 RM’000 Discount rate Increase in one percentage point on discount rate (135) (162) Decrease in one percentage point on discount rate 144 174 Salary increment rate Increase in one percentage point on salary increment rate 342 604 Decrease in one percentage point on salary increment rate (321) (549) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2018 Management Discussion & Analysis UEM Edgenta Berhad Annual Report 2018 About UEM Edgenta Chairman’s Statement 216