Page 307 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 6.4 Notes to Consolidated Financial Statements 305
Annual Report 2021/22

The Group recognised long term employee benefit as expenses in the income statement. The details are as follows:

(Unit: Million Baht)
For the year ended 31 March
Consolidated Separate
f nancial statements Financial statement
2022 2021 2022 2021
Costs of service and servicing expenses 94 87 - -
Administrative expenses 87 74 15 14
Total 181 161 15 14

The Group expects to pay Baht 136 million of long-term employee benefits during the next year (Separate financial statements: Baht 25 million) (2021:
Baht 35 million (Separate financial statements: Nil)).

As at 31 March 2022, the weighted average duration of the liabilities for long-term employee benefit is 11 years.

Significant actuarial assumptions are summarised below:

(Unit: % per annum)
For the years ended 31 March

Consolidated Separate
f nancial statements f nancial statements

2022 2021 2022 2021
Discount rate 2.6 2.0 2.6 2.0
Salary increase rate 6.0 - 7.0 3.0 - 7.0 6.0 - 7.0 6.0 - 7.0
Turnover rate 2.0 - 10.0 2.0 - 10.0 2.0 - 10.0 2.0 - 10.0