Page 306 - BTSGroup ONE REPORT 2021/22_EN

304 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

30. Provision for long-term employee benef ts
Provision for long-term employee benefits as at 31 March 2022 and 2021, which is compensations on employees’ retirement and other long-term benefits,
was as follows:

(Unit: Thousand Baht)
Consolidated Separate
f nancial statements f nancial statements
2022 2021 2022 2021
Balance at beginning of year 1,696,245 1,583,668 136,739 126,096
Current service cost 142,253 130,493 12,912 11,978
Interest cost 33,585 30,794 2,554 2,233
Past service cost and settlement loss 5,644 - - -
Included in other comprehensive income:
Actuarial loss (gain) arising from
Financial assumptions changes (115,628) - (8,813) -
Experience adjustments 52,879 - 3,380 -
Benefits paid during the year (45,585) (51,298) - (6,728)
Increase from acquisitions of subsidiaries 1,556 323 - -
Transfer from related companies 636 3,160 5,474 3,160
Reversal - (895) - -
Balance at end of year 1,771,585 1,696,245 152,246 136,739

The Net Revenue Purchase and Transfer Agreement stipulates that the subsidiary can claim costs related to employee benefits of employees who retire
during the remaining period of the Core Mass Transit System from BTSGIF. Therefore, the subsidiary recorded the related items as assets to await offsetting
with the provision for long-term employee benefits recorded by the subsidiary. These amounts will be adjusted in line with changes in the provision for
long-term employee benefits. The balance of these items, amounting to Baht 153 million (2021: Baht 163 million), is included in “Other non-current assets”
in the statement of financial position.