TMBThanachart Bank Public Company Limited and its Subsidiaries (Formerly TMB Bank Public Company Limited and its Subsidiaries) Notes to the financial statements For the year ended 31 December 2021 104 25 Provisions for employee benefits 25.1 Defined contribution plan The Bank, its subsidiaries and their employees have jointly established provident fund schemes under the Provident Fund Act B.E. 2530. The employees contribute to the funds at rates ranging from 2 - 15% of their basic salaries and the Bank and its subsidiaries contribute at rates ranging from 3 - 10%, depending on the number of years of service of each employee. The funds will be paid to the employees upon death, termination or dissolution of the business, in accordance with the rules of the funds. The fund assets are held separately from those of the Bank and its subsidiaries, under the management of the fund manager. For the year ended 31 December 2021 and 2020, the Bank and its subsidiaries contributed Baht 778 million and Baht 793 million, respectively, to the funds (Bank only: Baht 725 million and Baht 499 million, respectively). 25.2 Defined benefit plans 25.2.1 Detail of defined benefit plans Consolidated Bank only 2021 2020 2021 2020 (in million Baht) Post-employment benefit plans 3,784 4,356 3,740 2,507 Other long-term employee benefit plans - 10 - 10 Total 3,784 4,366 3,740 2,517 25.2.2 Movement in post-employment benefit obligations Consolidated Bank only 2021 2020 2021 2020 (in million Baht) At 1 January 4,356 5,142 2,507 1,720 Employee benefits obligations transferred in/ (out) (4) (14) 1,300 970 Included in profit or loss Current service cost 707 435 408 261 Past service cost (323) (195) 148 93 Interest on obligation 63 94 60 46 447 334 616 400 Included in other comprehensive income Actuarial gain (197) (683) (196) (252) Others Benefits paid (818) (423) (487) (331) (818) (423) (487) (331) At 31 December 3,784 4,356 3,740 2,507 348 TMBThanachart Bank Public Company Limited
RkJQdWJsaXNoZXIy ODEyMzQ3