Page 126 - PEA_AnnualReport_2016

5.26 Employee beneft obligations
mployee benefts of rovincial lectricity uthority and its subsidiary consist of post employment benefts
including defned contribution plans (provident fund), defned beneft plans and other long-term employee benefts
according to the State Enterprise Labor Relations Act, B.E. 2543 (2000).

s at ecember 31, 2016 and 2015, employee beneft obligations are as follows :

(Unit : Million Baht)

Consolidated Separate
financial statements financial statements
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2016 2015 2016 2015
ost employment benefts under defned
beneft plans

Retirement pension 11,037.75 9,738.10 11,036.84 9,737.43
Retirement souvenir gifts 318.91 198.71 318.91 198.71

Accumulate vacation leave 1,104.82 973.79 1,104.82 973.79
remains at retirement
ota post p o nt n fits n r
fin n fit p ans 12,461.48 10,910.60 12,460.57 10,909.93

ther long term employee benefts
Souvenir gifts for long tenure 371.37 120.30 371.37 120.30

ota ot r ong t r p o n fits 371.37 120.30 371.37 120.30

Total 12,832.85 11,030.90 12,831.94 11,030.23

ost employment benefts under defned beneft plans and other long term employee benefts presented
in the statements of comprehensive income as at December 31, 2016 and 2015, are as follows :

(Unit : Million Baht)
Consolidated Separate
financial statements financial statements
Dec. 31, Dec. 31, Dec. 31, Dec. 31,
2016 2015 2016 2015
Current service costs 647.42 471.39 647.16 471.12

Interest cost 441.23 422.71 441.21 422.69

Actual cost (830.46) (572.63) (830.46) (572.63)
Actuarial losses 1,543.76 141.94 1,543.80 141.94

Total 1,801.95 463.41 1,801.71 463.12

126 SMART PEA
Annual Report 2016 Provincial Electricity Authority