b'FORGING TRANSFORMATION. FOSTERING SUSTAINABILITY. NOTES TO THE SPECIAL PURPOSE FINANCIAL STATEMENTSFOR THE YEAR ENDED 30 JUNE 2018(Expressed in Trinidad and Tobago Dollars)16.Post-employment benefit (continued)20182017$000$000Movement in fair value of plan assetsFair value of plan assets at start of year949,804913,478Interest income51,79249,527Return on plan assets, excluding interest income (11,205)13,078Board contributions16,17711,416Members contributions6,7354,112Benefits paid(39,395)(41,807)Administrative expense allowance Fair value of plan assets at end of year973,908949,804Actual return on plan assets40,58762,605Asset allocation Regionally listed equities (prices quoted on regional exchanges)228,112234,546Overseas equities (developed markets outside of CARICOM)143,881128,682TT$ Govt and Govt Guaranteed bonds (no quoted market prices) 486,167455,697TT$ corporate bonds (no quoted market prices)66,78883,717US$ bonds (no quoted market prices)21,46611,417Mortgages (no quoted market prices)9185Local equity/income mutual fund3,9013,761Cash and cash equivalents23,50231,899Fair value of plan assets at end of year973,908949,804All asset values as at 30 June 2018 were provided by the Plans Investment Manager (First Citizens Asset Management Limited). The majority of the Plans government bonds were issued by the Government of Trinidad and Tobago, which also guarantees many of the corporate bonds held by the Plan. 20182017$000$000Expense recognised in profit or loss Current service cost21,41024,222Net Interest on net defined benefit liability(9)670Past service costAdministrative expense allowanceNet pension cost21,40124,89259'