Employee Benefits (Tables)
 12 Months Ended
Dec. 31, 2016
Compensation And Retirement Disclosure [Abstract]  
Schedule of Employee Severance Indemnity

Movements on the PM Group’s employee severance indemnity / TFR provision during the periods, including the effects of the actuarial valuation of the TFR, were as follows:

 

 

Balance

As of December 31,

2015

 

 

Increases

 

 

Decreases

 

 

Balance

As of December 31,

2016

 

Employee severance indemnity/TFR

$

1,487

 

 

$

668

 

 

$

778

 

 

$

1,377

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance

As of January 15,

2015

 

 

Increases

 

 

Decreases

 

 

Balance

As of December 31,

2015

 

Employee severance indemnity/TFR

$

1,552

 

 

$

698

 

 

$

763

 

 

$

1,487

 

 
Schedule of Assumptions Used to Determine Defined Benefit Plans in Relation to Postemployment Benefits

The estimates, demographic and economic/financial assumptions made, with the support of an independent actuary, for the actuarial calculation used to determine the defined benefit plans in relation to postemployment benefits (Employee severance indemnity provision) can be detailed as follows:

 

Annual Discount Rate

 

 

Annual Rate of Inflation

 

 

Annual Increase Rate

 

 

Probability of Employee Leaving Group

 

 

Probability of Advance Payment of TFR

 

 

1.00

%

 

 

1.50

%

 

 

2.63

%

 

 

10.00

%

 

 

3.00

%

 
Schedule of Reconciliation of Defined Benefit Obligation

A reconciliation of the defined benefit obligation is set out below:

 

 

 

Years ended December 31,

 

 

 

2016

 

 

2015

 

Past Service Liability at beginning of the period

 

$

1,487

 

 

$

1,552

 

Interest cost

 

 

8

 

 

 

13

 

Actuarial (Gain)/Loss

 

 

(1

)

 

 

(37

)

Payments

 

 

(117

)

 

 

(41

)

Past Service Liability at end of the period

 

$

1,377

 

 

$

1,487

 

 

 

 

 

 

 

 

 

 

 

 

Years ended December 31,

 

 

 

2016

 

 

2015

 

Actuarial gains and losses arising from changes in financial

   assumptions

 

$

17

 

 

$

(44

)

Actuarial gains and losses arising from experience

   assumptions

 

 

(18

)

 

 

7

 

Actuarial (Gain)/Loss

 

$

(1

)

 

$

(37

)