Pension data for Sterling Properties include the following:

$\backslash$table$[[,($$ in thousands$)],[$Service cost$,2024,$$ $112],[$Projected benefit obligation, January $1,2024,850],[$Plan assets $($fair value$),$ January $1,2024,900],[$Prior service cost$-$AOCI $(2024$ amortization, $$8),80],[$Net loss$-$AOCI $(2024$ amortization, $$1),101],[$Interest rate, $6\%,],[$Expected return on plan assets, $10\%,],[$Actual return on plan assets, $11\%,]]$

Required:

Assume Sterling Properties prepares its financial statements according to International Financial Reporting Standards $($IFRS$).$ The interest rate on high$-$grade corporate bonds is $6\%.$ Determine the net pension cost.

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