| Pension and other employee obligations |
22. Pension and other employee obligations Defined benefit liabilities as of December 31, 2023, and December 31, 2022, are as follows:
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(Unit: USD) |
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Present value of defined benefit obligations |
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1,942,451 |
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1,459,979 |
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Fair value of plan assets |
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(116,768 |
) |
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(118,121 |
) |
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Net defined benefit obligations |
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1,825,683 |
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1,341,858 |
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| The details of changes in the defined benefit obligation are as follows:
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(Unit: USD) |
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Beginning |
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1,459,979 |
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1,174,807 |
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Current service cost |
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394,636 |
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286,420 |
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- Actuarial gain due to changes in financial assumptions |
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279,938 |
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360,625 |
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Payment made |
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(157,519 |
) |
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(293,684 |
) |
Foreign currency translation differences for foreign operations |
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(34,583 |
) |
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(68,189 |
) |
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Ending |
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1,942,451 |
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1,459,979 |
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| The details of changes in the planned assets are as follows:
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(Unit: USD) |
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Beginning |
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118,121 |
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123,845 |
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- Gain from plan assets |
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6,455 |
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3,287 |
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- Actuarial gain due to changes in financial assumptions |
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(4,894 |
) |
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(1,919 |
) |
Foreign currency translation differences for foreign operations |
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(2,914 |
) |
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(7,092 |
) |
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Ending |
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116,768 |
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118,121 |
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| The details of the composition of planned assets are as follows:
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(Unit: USD) |
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Deposit |
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116,768 |
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118,121 |
| The details of major actuarial assumptions are as follows:
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(Unit: USD) |
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Expected salary increase rate |
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Discount rate |
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