24. At 1 January 2012 the fair value of assets of a defined benefit plan were valued at GH1,100,000 and the present value of the defined benefit obligation was GH1,250,000. On 31 December 2012, the plan received contributions from the employer of GH490,000 and paid out benefits of GH190,000. The current service cost for the year was GH360,000 and a discount rate of 6% is to be applied to the net liability/(asset). After these transactions, the