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

Service cost, 2016 $ 117 Projected benefit obligation, January 1, 2016 600 Plan assets (fair value), January 1, 2016 700 Prior service costAOCI (2016 amortization, $8) 87 Net lossAOCI (2016 amortization, $1) 108 Interest rate, 8% Expected return on plan assets, 12% Actual return on plan assets, 13%

Required: Assume Sterling Properties prepares its financial statements according to International Financial Reporting Standards. 8% is the interest rate on high grade corporate bonds. Determine the net pension cost.