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32. Provision for retirement benefits (cont’d.)
Sensitivity analysis
As at 31 December, the sensitivity of the defined benefit obligation to changes in the weighted principal assumptions is as follows:
PAA
Impact on defined benefit obligation
Change in
assumption
Increase in
assumption
RM
Decrease in
assumption
RM
2017
Annual discount rate
+/- 1% (2,306,638)
2,899,839
Future annual salary increase rate
+/- 1% 2,812,097
1,376,580
IAA
Impact on defined benefit obligation
Change in
assumption
Increase in
assumption
RM
Decrease in
assumption
RM
2017
Annual discount rate
+/- 1% 3,438,861
(3,095,889)
Future annual salary increase rate
+/- 1% 2,926,690
(3,178,203)
33. Share capital and share premium
Group and Company
2017
RM’000
2016
RM’000
Authorised:
Ordinary shares of RM0.10 each:
At beginning and end of the financial year
–
500,000
Issued and fully paid up:
Ordinary shares of RM0.10 each:
At beginning of the financial year
278,297
278,297
Issued during the financial year
55,900
–
Transition to no-par value regime^
2,181,241
–
At end of the financial year
2,515,438
278,297
Share premium
At beginning of the financial year
1,230,941
1,230,941
Issued during the financial year
950,300
–
Transition to no-par value regime^
(2,181,241)
–
At end of the financial year
–
1,230,941
[ ]
329
AirAsia Berhad
REPORTS AND FINANCIAL STATEMENTS