Pension Plan

9 Months Ended

Jun. 30, 2017

Retirement Benefits [Abstract]

Pension Plan

22. Pension Plan

We operate a scheme which is comprised of a separately managed defined benefit section and a defined contribution section. The defined benefit section is closed to future accruals for services rendered to the Company. We estimate that $3,200 will be contributed to the pension plan during the year ending September 30, 2017.

The total amount of employer contributions paid during the nine months ended June 30, 2017 amounted to $2,432. We expect to pay $841 during the remaining part of the fiscal period.

For the nine months ended June 30, 2017 and 2016, the components of total periodic benefit costs were as follows:

	Nine Months Ended
	June 30,
	2017			2016
Components of net periodic benefit (benefit) cost:
Service cost	$	-		$	-
Interest cost		2,463			2,938
Expected return on plan assets		(2,301	)		(2,748	)
Net periodic cost	$	162		$	190