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Employee benefits (Tables)
12 Months Ended
Dec. 31, 2022
Employee benefits  
Schedule of composition of employee benefits
    2022     2021  
   

US $ in millions

 
             
Presented as non-current liabilities:
           
Present value of obligations (see section (f) below)
   
52.9
     
70.7
 
Fair value of the plan assets (see section (f) below)
   
(26.8
)
   
(31.1
)
Recognized liability for defined benefit obligations
   
26.1
     
39.6
 
Termination benefit-liability for early retirement
   
6.6
     
10.2
 
Other long-term benefits
   
12.5
     
15.8
 
Non-current
   
45.2
     
65.6
 
Presented as current liabilities:
               
Liability for annual leave
   
9.0
     
9.0
 
Current portion of liability for early retirement
   
2.8
     
4.3
 
Current (Note 14)
   
11.8
     
13.3
 
                 
Total employee benefits
   
57.0
     
78.9
 
Schedule of movement in the present value of the defined benefit pension plan obligation and present value of plan assets and composition
  (f) Movement in the present value of the defined benefit pension plan obligation
   
2022
   
2021
 
   
US $ in millions
 
             
Defined benefit obligation at January 1
   
70.7
     
70.4
 
Benefits paid by the plan
   
(4.4
)
   
(4.9
)
Current service cost and interest
   
5.3
     
4.2
 
Foreign currency exchange changes in plan measured in a currency
               
  different from the entity’s functional currency
   
(7.0
)
   
1.1
 
Actuarial gains recognized in other comprehensive income
   
(11.7
)
   
(0.1
)
Defined benefit obligation at December 31
   
52.9
     
70.7
 
   
2022
   
2021
 
   
US $ in millions
 
             
Fair value of plan assets at January 1
   
31.1
     
30.7
 
Contribution paid by the Group
   
2.1
     
0.3
 
Benefits paid by the plan
   
(2.0
)
   
(2.5
)
Return on plan assets
   
0.8
     
0.7
 
Foreign currency exchange changes in plan measured in a currency
               
  different from the entity's functional currency
   
(2.5
)
   
0.6
 
Actuarial gains (loss) recognized in other comprehensive income
   
(2.7
)
   
1.3
 
Fair value of plan assets at December 31
   
26.8
     
31.1
 
  Plan assets composition

 
   
2022
   
2021
 
   
US $ in millions
 
             
Equity instruments
   
8.5
     
9.4
 
Debt instruments
   
12.8
     
15.0
 
Cash and deposits
   
2.4
     
2.0
 
Other
   
3.1
     
4.7
 
     
26.8
     
31.1
 
Schedule of relevant discount rates under actuarial assumptions

 

2022

   

2021

   

2020

 

Early retirement

   

4.7%-4.8

%    

1.0%-1.2

%

   

0.9%-1.0

%

Annual absence

   

5.1%-5.2

%

   

2.6%-2.9

%

   

2.4%-2.5

%

Tuition fees

   

4.8%-5.0

%

   

1.6%-2.2

%

   

1.3%-1.9

%

Defined benefit plan

   

3.8%-5.3

%

   

0.7%-3.3

%

   

1.0%-2.7

%

Schedule of sensitivity analysis of actuarial assumptions
  Reasonably possible changes to one of the relevant actuarial assumptions, assuming other assumptions constant, would have affected the defined benefit obligation by the amounts below:

 

Defined benefit obligation

 

 

At December 31, 2022

 

 

Increase

   

Decrease

 

 

US $ in millions

 
       

Discount rate (0.5% movement)

   

(1.4

)

 

1.3

 

Future benefit growth (0.5% movement)

   

2.2

     

(2.2

)