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Pension data for Sterling Properties include the following ($ in 000s): Service cost, 2016 $ 125 Projected benefit obligation, January 1, 2016 660 Plan assets

Pension data for Sterling Properties include the following ($ in 000s):

Service cost, 2016 $ 125
Projected benefit obligation, January 1, 2016 660
Plan assets (fair value), January 1, 2016 700
Prior service costAOCI (2016 amortization, $8) 90
Net lossAOCI (2016 amortization, $2) 111
Interest rate, 5%
Expected return on plan assets, 9%

Actual return on plan assets, 10%

Assume Sterling Properties prepares its financial statements according to International Financial Reporting Standards. 5% is the interest rate on high grade corporate bonds. Determine the net pension cost.

Calculate net pension cost?

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