SCI Annual Report 2015

SCI Electric Public Company Limited
SCI ELECTRIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIES
(FORMERLY KNOW AS “SCI ELECTRIC MANUFACTURER COMPANY LIMITED”)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE TEAR ENDED 31 DECEMBER 2015
In Baht
Consolidated financial statements Separate financial statements
2015 2014 2015 2014
Remeasurements:
(Gain)/loss from change in
- Demographic assumptions (94,508) (1,399,687) 767,393 -
- Financial assumptions (1,350,735) (1,544,665) (399,559) -
- Experience 5,543,449 6,913,440 1,286,282 -
Balance, end of the year 28,333,451 23,765,591 13,024,081 9,961,089
The above expense recognised in profit or loss is recognised in the following line items.
In Baht
Consolidated financial statements Separate financial statements
2015 2014 2015 2014
For the year ended 31 December
Cost of service 3,040,413 1,065,240 817,325 544,658
Selling expenses 389,290 411,607 212,194 96,362
Administrative expenses 1,285,983 909,205 793,177 324,006
Total expense recognized in profit or loss 4,715,686 2,386,052 1,822,696 965,026
Recognized in other comprehensive income (expense)
Remeasurements of employment benefit obligations 4,098,206 3,969,088 1,654,116 -
Total 8,813,892 6,355,140 3,476,812 965,026
Principal actuarial assumptions at the reporting date
Consolidated financial statements
2015 2014
Discount rate 2.44 - 2.62% per annum 4.01 - 4.58% per annum
Salary increase rate 2-5% per annum 7.60 - 7.68% per annum
Employee turnover rate from 0 - 42% from 0 - 43%
Mortality rate
According to Thailand TMO 2008 male and female tables
232