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18. EMPLOYEE BENEFITS OBLIGATION
(continued)
2014
2013
Beginning of the year
25,048,231
28,427,376
Actuarial (gain) / loss
(293,425)
1,335,338
Interest expense
1,078,625
1,255,459
Current service cost
5,194,273
3,303,937
Payments
(4,761,500)
(6,014,123)
Currency translation reserve
(2,124,847)
(3,259,756)
End of the year
24,141,357
25,048,231
2014
2013
Actuarial (gain)/ loss
3,144,192
3,437,617
Deferred tax
(628,839)
(687,524)
Actuarial (gain)/ loss (Net)
2,515,353
2,750,093
Non controlling interest
(999,964)
(1,147,773)
Actuarial (gain)/ loss attributable to equity holders' of the parent
1,515,389
1,602,320
Equity reconciliation of actuarial gains and losses from employee benefits obligation is as follows:
Of the total charge of provision for employee benefits obligations, USD 2,362,927 is charged to cost of sales, (2013: USD 809,237 is credited) and USD 3,909,971 (2013: USD 4,289,103)
is charged to marketing and general administrative expenses.
Average number of personnel for the year ended 31 December 2014 was 6,706 (2013: 6,321). During the year ended 31 December 2014, the average number of personnel working
abroad was 1,100 (2013: 955), of which 786 (2013: 760) are located in Middle East and Central Asia, 2 (2013: 2) in the United Kingdom, 90 (2013: 90) in Italy, 35 (2013: 34) in North Africa,
20 (2013: 27) in Malta, 11 (2013: 12) in Cyprus, 156 (2013: 30) in USA.
BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014
(Currency - US Dollars (“USD”) unless otherwise indicated)