NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) D2 Personnel expenses (continued) Recognition and measurement (i) Short-term employee benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. (ii) Defined contribution plans Defined contribution plans are post-employment benefit plans under which the Group pays fixed contributions into separate entities such as the Central Provident Fund and will have no legal or constructive obligation to pay further amounts. The Group’s contributions to the defined contribution plans are recognised in the income statement as expenses in the financial year to which they relate. D3 Post-employment benefits Group 2022 $’000 2021 $’000 Net defined benefit asset – 257 Total post-employment benefit asset – 257 Net defined benefit liabilities 206,393 407,320 Liability for staff benefits 8,316 9,793 Total post-employment benefit liabilities 214,709 417,113 Non-current 206,296 409,473 Current 8,413 7,640 214,709 417,113 218 ST ENGINEERING ANNUAL REPORT 2022
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