NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2024 29. Employee benefits (cont’d) Changes in the employee benefit obligations are as follows: Group 2024 2023 Rp million Rp million Benefit obligation at 1 January 1,254,740 1,529,961 Benefits paid (114,021) (98,362) Changes charged to profit or loss Current service cost 100,567 104,050 Past service cost – (380,423) Interest cost on benefit obligations 80,095 105,417 Net actuarial (gain)/loss recognised during the year (85) 1,215 Sub-total 180,577 (169,741) Re-measurement loss/(gain) in other comprehensive income Actuarial changes arising from changes in financial assumptions 2,196 22,444 Experience adjustments 7,137 (29,562) Sub-total 9,333 (7,118) Benefit obligation at 31 December 1,330,629 1,254,740 The principal assumptions used in determining post-employment obligations for the Group’s plan are as follows: Annual discount rate : 6.7% - 7.1% (2023: 6.2% - 7.1%) Future annual salary increase : 4.5% (2023: 4.0%) Annual employee turnover rate : 6.0% (2023: 6.0%) for employees under the age of 30 years and linearly decrease until 0% at the age of 53 years and 55 years Annual disability rate : 10% from mortality rate Retirement age : 55 and 57 years old Mortality rate reference : Indonesian Mortality Table (“IMT”) IV Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Indofood Agri Resources Ltd. 146
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