Notes tothe financial statements For the financial year ended 31 December 2023 29. Employee benefits (cont’d) Sensitivity analysis to the principal assumptions used in determining employee benefits obligations are as follows: Assumptions Quantitative sensitivity analysis Increase/(decrease) (Decrease)/increase in the net employee benefits liabilities Rp million 31 December 2023 Annual discount rate 100/(100) basis points (72,522)/88,331 Future annual salary increase 100/(100) basis points 93,786/(78,266) 31 December 2022 Annual discount rate 100/(100) basis points (89,372)/108,496 Future annual salary increase 100/(100) basis points 114,768/(95,890) The sensitivity analysis above have been determined based on a method that extrapolates the impact on employee benefit obligation as a result of reasonable changes in key assumptions occurring at the end of the reporting period, with all the other assumptions kept constant. The following payments are expected contributions to the employee benefit plan obligation in future years: Group 2023 2022 Rp million Rp million Within the next 12 months 120,535 150,843 Between 1 and 2 years 125,304 136,023 Between 2 and 5 years 420,087 531,417 Beyond 5 years 5,642,816 7,140,963 Total expected payments 6,308,742 7,959,246 The average duration of the employee benefit plan obligation at the end of the reporting period is 10.9 years (2022: 11.0 years). 142 GROUP OVERVIEW OPERATION AND FINANCIAL REVIEW SUSTAINABILITY & GOVERNANCE FINANCIALS OTHER INFORMATION Indofood Agri Resources Ltd
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