A B C D E F G H I
1
2
 THE GROUP THE BANK
3
 2019 2018 2017 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
5
6
 Present value of obligations 67,307 42,776 23,000 64,652 41,688 23,000
7
8
 THE GROUP THE BANK
9
 Movement in liability recognised in statements of financial position: 2019 2018 2017 2019 2018 2017
10
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
11
 Net liability at start of year 42,776 23,000 - 41,688 23,000 -
12
 Past service cost - - 21,230 - - 21,230
13
 Amount recognised in profit or loss 14,353 8,165 1,770 13,697 7,077 1,770
14
 Amount recognised in other comprehensice income 10,178 11,611 - 9,267 11,611 -
15
 67,307 42,776 23,000 64,652 41,688 23,000
16
17
 Amounts recognised in statements of profit or loss and other comprehensive income
18
 2019 2018 2017 2019 2018 2017
19
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
20
 Past service cost - - 21,230 - - 21,230
21
 Current service cost 11,126 6,071 267 10,550 5,697 267
22
 Net interest cost 3,227 2,094 1,503 3,147 1,380 1,503
23
 Components of amount recognised in profit or loss 14,353 8,165 23,000 13,697 7,077 23,000
24
 Remeasurement of defined benefit obligations:
25
 Liability experience loss 1,998 7,267 - 1,630 7,267 -
26
 Liability loss due to change in financial assumptions 8,180 4,344 - 7,637 4,344 -
27
 24,531 19,776 23,000 22,964 18,688 23,000
28
29
30
 Changes in the present value of the defined benefit obligations: 2019 2018 2017 2019 2018 2017
31
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
32
 At 1 July 42,776 23,000 - 41,688 23,000 -
33
 Past service cost - - 21,230 - - 21,230
34
 Interest cost 3,227 2,094 1,503 3,147 1,380 1,503
35
 Current service cost 11,126 6,071 267 10,550 5,697 267
36
 Liability experience loss 1,998 7,267 - 1,630 7,267 -
37
 Liability loss due to change in financial assumptions 8,180 4,344 - 7,637 4,344 -
38
 At 30 June 67,307 42,776 23,000 64,652 41,688 23,000
39
40
41
42
 Future cash flows:
43
 The funding policy is to pay benefits out of the reporting entity's cash flow as and when due.
44
 The weighted average duration of the defined benefit obligation is 14 years for the Bank and 19 years for the subsidiary.
45
 THE GROUP THE BANK
46
 2019 2018 2019 2018
47
 MUR'000 MUR'000 MUR'00 MUR'000
48
 Increase in defined benefit obligation due to 1% decrease in discount rate 13,464 12,652 12,652 12,652
49
 Decrease in defined benefit obligation due to 1% increase in discount rate 11,160 10,494 10,494 10,494
50
 Increase in defined benefit obligation due to 1% increase in future long-term salary assumption 13,613 12,796 12,796 12,796
51
 Decrease in defined benefit obligation due to 1% decrease in future long-term salary assumption 11,459 10,779 10,779 10,779
52
53
 The sensitivity analyses above have been determined based on sensibly possible changes of the discount rate or salary increase rate occurring at the end of the reporting period if all other assumptions
remained unchanged.
54
55
 THE GROUP THE BANK
56
 The principal actuarial assumptions used for accounting purposes are: 2019 2018 2017 2019 2018 2017
57
 Discount rate 5.7% - 5.9% 6.4% - 6.7% 6.00% 5.70% 6.40% 6.00%
58
 Salary increases 5.00% 5.00% 4.00% 5.00% 5.00% 4.00%
59
 Average retirement age 60 years 60 years 60 years 60 years 60 years 60 years

A B C D E F G H I
1
2
 THE GROUP THE BANK
3
 2019 2018 2017 2019 2018 2017
4
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
5
6
 Present value of obligations 67,307 42,776 23,000 64,652 41,688 23,000
7
8
 THE GROUP THE BANK
9
 Movement in liability recognised in statements of financial position: 2019 2018 2017 2019 2018 2017
10
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
11
 Net liability at start of year 42,776 23,000 - 41,688 23,000 -
12
 Past service cost - - 21,230 - - 21,230
13
 Amount recognised in profit or loss 14,353 8,165 1,770 13,697 7,077 1,770
14
 Amount recognised in other comprehensice income 10,178 11,611 - 9,267 11,611 -
15
 67,307 42,776 23,000 64,652 41,688 23,000
16
17
 Amounts recognised in statements of profit or loss and other comprehensive income
18
 2019 2018 2017 2019 2018 2017
19
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
20
 Past service cost - - 21,230 - - 21,230
21
 Current service cost 11,126 6,071 267 10,550 5,697 267
22
 Net interest cost 3,227 2,094 1,503 3,147 1,380 1,503
23
 Components of amount recognised in profit or loss 14,353 8,165 23,000 13,697 7,077 23,000
24
 Remeasurement of defined benefit obligations:
25
 Liability experience loss 1,998 7,267 - 1,630 7,267 -
26
 Liability loss due to change in financial assumptions 8,180 4,344 - 7,637 4,344 -
27
 24,531 19,776 23,000 22,964 18,688 23,000
28
29
30
 Changes in the present value of the defined benefit obligations: 2019 2018 2017 2019 2018 2017
31
 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000 MUR'000
32
 At 1 July 42,776 23,000 - 41,688 23,000 -
33
 Past service cost - - 21,230 - - 21,230
34
 Interest cost 3,227 2,094 1,503 3,147 1,380 1,503
35
 Current service cost 11,126 6,071 267 10,550 5,697 267
36
 Liability experience loss 1,998 7,267 - 1,630 7,267 -
37
 Liability loss due to change in financial assumptions 8,180 4,344 - 7,637 4,344 -
38
 At 30 June 67,307 42,776 23,000 64,652 41,688 23,000
39
40
41
42
 Future cash flows:
43
 The funding policy is to pay benefits out of the reporting entity's cash flow as and when due.
44
 The weighted average duration of the defined benefit obligation is 14 years for the Bank and 19 years for the subsidiary.
45
 THE GROUP THE BANK
46
 2019 2018 2019 2018
47
 MUR'000 MUR'000 MUR'00 MUR'000
48
 Increase in defined benefit obligation due to 1% decrease in discount rate 13,464 12,652 12,652 12,652
49
 Decrease in defined benefit obligation due to 1% increase in discount rate 11,160 10,494 10,494 10,494
50
 Increase in defined benefit obligation due to 1% increase in future long-term salary assumption 13,613 12,796 12,796 12,796
51
 Decrease in defined benefit obligation due to 1% decrease in future long-term salary assumption 11,459 10,779 10,779 10,779
52
53
 The sensitivity analyses above have been determined based on sensibly possible changes of the discount rate or salary increase rate occurring at the end of the reporting period if all other assumptions
remained unchanged.
54
55
 THE GROUP THE BANK
56
 The principal actuarial assumptions used for accounting purposes are: 2019 2018 2017 2019 2018 2017
57
 Discount rate 5.7% - 5.9% 6.4% - 6.7% 6.00% 5.70% 6.40% 6.00%
58
 Salary increases 5.00% 5.00% 4.00% 5.00% 5.00% 4.00%
59
 Average retirement age 60 years 60 years 60 years 60 years 60 years 60 years