2022-23 SGI CANADA Annual Report

The movements in the defined benefit obligation are as follows: Accrued benefit obligation Accrued benefit obligation, beginning of the year Employee contributions Interest cost Benefits paid Actuarial gain on assumption changes Accrued benefit obligation, end of the year The movements in the fair value of pension plan assets are as follows: Plan assets Fair value of plan assets, beginning of the year Interest income Return on plan assets, excluding interest income Employee contributions Benefits paid Fair value of plan assets, end of the Accrued pension asset Accrued benefit obligation Fair value of plan assets Net plan asset Valuation allowance Accrued pension asset year Pension expense for the defined benefit pension plan is as follows: Interest cost Pension expense (thousands of $) 2023 2022 $ 21,515 $ 25,096 2 711 589 (2,393) (2,197) (783) (1,975) $ 19,050 $ 21,515 (thousands of $) 2023 2022 $ 24,839 $ 26,951 592 524 (1,015) (441) 2 (2,393) (2,197) $ 22,023 $ 24,839 (thousands of $) 2023 2022 $ 19,050 $ 21,515 22,023 24,839 2,973 3,324 (2,973) (3,324) $ $ (thousands of $) 2023 2022 $ 119 $ 65 $ 119 $ 65 2022-23 SGI CANADA Annual Report 77

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