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Notes to the
Financial Statements
As at 31 March 2019
29. Retirement benefit obligations (cont’d.)
The discount rate is determined based on the values of AA rated corporate bond yields with 3 to 15 years of
maturity, converted to estimated spot rates.
Significant actuarial assumptions for determination of the defined benefit obligation are discount rate and
expected salary increase. The sensitivity analysis below has been determined based on changes to individual
assumptions, with all other assumptions held constant.
2019
2018
RM’000
RM’000
A 1 per cent decrease/increase in discount rate will increase/decrease the
defined benefit obligation by
146
131
A 1 per cent increase/decrease in expected salary growth will increase/
decrease the defined benefit obligation by
128
127
The sensitivity analysis presented above may not be representative of the actual change in defined benefit
obligation as it is unlikely the change in assumptions would occur in isolation of one another as some assumptions
may be correlated.
The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to
the previous year.
30. Deferred tax
Group
Company
2019
2018
2019
2018
RM’000
RM’000
RM’000
RM’000
At 1 April 2018
29,158
27,494
6,066
6,279
Recognised in:
- profit or loss (Note 10)
1,639
1,676
(209)
(213)
- other comprehensive income
27
(12)
-
-
At 31 March
30,824
29,158
5,857
6,066
Presented after appropriate offsetting as
follows:
Deferred tax assets
(11,207)
(9,206)
-
-
Deferred tax liabilities
42,031
38,364
5,857
6,066
30,824
29,158
5,857
6,066
financial
statements
177