Page 100 - Paragon Annual Report 2

96 | Group financial statements
Notes to the consolidated financial statements (continued) 24 Retirement benefits (continued)
Amounts recognised in other Comprehensive Income in respect of the defined benefit scheme are as follows:
Actuarial gain on defined benefit obligation 255 Actual return on assets (96)
159
Expected return on assets and interest on obligations are recorded under investment income. The cumulative actuarial gains and losses recognised in the Consolidated Statement of Comprehensive Income is a gain/(loss) of €64,000 (2016: (€31,000)).
Changes in the present value of defined benefits obligations are as follows:
Opening defined benefits obligation 3,976 Interest cost 84 Service cost 64 Foreign exchange movements (238) Actuarial gain (255) Benefits paid (225) Past service cost – curtailment/plan amendment – Settlements – Employer contributions (14) Closing defined benefits obligation 3,392
Changes in the fair value of scheme assets are as follows:
Opening fair value of scheme assets 3,646 Expected returns 73 Foreign exchange movements (217) Settlement and (gain)/loss on settlement – Return on assets (96) Contributions by employer 101 Benefits paid (155) Closing fair value of scheme assets 3,352
2017
€000
3,392
80
47
(60)
(48)
(151)
(3)
(122)
(12)
2016
€000
3,123
2017
€000
3,352
77
(59)
(10)
47
84
(151)
2016
€000
3,340
Paragon Group Limited – 05258175
2017
€000
48
47
2016
€000
95