Pension data for Sterling Properties include the following:

	($ in thousands)
Service cost, 2024	$ 127
Projected benefit obligation, January 1, 2024	560
Plan assets (fair value), January 1, 2024	600
Prior service costAOCI (2024 amortization, $8)	92
Net lossAOCI (2024 amortization, $1)	113
Interest rate, 5%
Expected return on plan assets, 9%
Actual return on plan assets, 10%

Required:

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

Note: Enter your answer in thousands (i.e., 10,000 should be entered as 10).