Following information is relevant to a defined benefit pension plan of PT XYZ for the year 2020: Plant Assets Rp’ puluh juta Balance at January 01, 2020 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, 2020 640 Interest cost 52 Current Service Cost 21 Benefit paid -40 Actuarial gain (loss) (balancing figure) 42 715 Calculate: (i) Pension expense to be recognised in profit or loss for the year ended December 31, 2020. (ii) Net liabilities to be shown in the Statement of Financial Position as of December 31, 2020
Case 2
Following information is relevant to a defined benefit pension plan of PT XYZ for the year
2020:
Plant Assets
Rp’ puluh juta
Balance at January 01, 2020 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, 2020 640
Interest cost 52
Current Service Cost 21
Benefit paid -40
Actuarial gain (loss) (balancing
figure) 42
715
Calculate:
(i) Pension expense to be recognised in profit or loss for the year ended December 31,
2020.
(ii) Net liabilities to be shown in the
31, 2020
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