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Employee benefits (Tables)
12 Months Ended
Dec. 31, 2024
Text blocks [abstract]  
Summary of Employee Benefits Provisions

31 December

31 December

    

2024

    

2023

Retirement pay liability provision

 

2,402,432

2,432,042

Unused vacation provision

 

629,646

531,080

3,032,078

2,963,122

Summary of Movement in Provision for Retirement Pay Liability

Movements in provision for retirement pay liability are as follows:

    

2024

    

2023

Balance at 1 January

 

2,432,042

3,784,363

Service cost

 

493,885

511,033

Past service cost

 

-

3,354

Remeasurements

 

176,940

216,218

Interest expense

 

532,145

235,215

Benefit payments

(408,583)

(814,327)

Inflation adjustment

(823,997)

(1,503,814)

Balance at 31 December

 

2,402,432

2,432,042

Summary of Sensitivity of Provision for Retirement Pay Liability to Changes in the Significant Actuarial Assumptions

The sensitivity of provision for retirement pay liability to changes in the significant actuarial assumptions is:

31 December 2024

Interest Rate

Inflation Rate

Sensitivity Level

    

1% increase

    

1% decrease

    

1% increase

    

1% decrease

Change in assumption

 

(14.2)

%

17.2

%

6.6

%

(22.7)

%

Impact on provision for defined benefit plans

 

(341,145)

412,978

158,561

(545,352)

31 December 2023

Interest Rate

Inflation Rate

Sensitivity Level

    

1% increase

    

1% decrease

    

1% increase

    

1% decrease

Change in assumption

 

(14.1)

%

17.0

%

17.2

%

(14.4)

%

Impact on provision for defined benefit plans

 

(342,918)

 

413,204

 

419,284

 

(350,214)