beow the defined benefit pension plan of Equinox Co Ltd for the year 2019: Plant Assets $ in 000 Balance at January 01, 2019 600 Expected return on plan assets 61 Contribution received 49 Benefits paid -40 Actuarial gain (balancing figure) 15 685 Plant Liabilities: Balance at January 01, 2019 640 Interest cost 52 Current Service Cost 21 Benefit paid -40 Actuarial gain (loss) (balancing) 42 715 Calculate: i. Pension expense to be recognised in profit or loss for the year ended December 31, 2019. ii. Net liabilities to be shown in the Statement of Financial Position as of December 31, 2019
beow the defined benefit pension plan of Equinox Co Ltd for the year
2019:
Plant Assets $ in 000
Balance at January 01, 2019 600
Expected return on plan assets 61
Contribution received 49
Benefits paid -40
Actuarial gain (balancing figure) 15
685
Plant Liabilities:
Balance at January 01, 2019 640
Interest cost 52
Current Service Cost 21
Benefit paid -40
Actuarial gain (loss) (balancing) 42
715
Calculate:
i. Pension expense to be recognised in profit or loss for the year ended December 31, 2019.
ii. Net liabilities to be shown in the
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