Required: Calculate the value that will be given to the next plan asset under IAS19

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Employee benefits

An entity has the following balances relating to its defined benefit plan.
Present value of the obligation: 13 million
Fair value of plan assets: 17 million
Actuarial losses: 1,3 million (unrecognized)
Past services cost: 1,2 million (unrecognized)
Present value of available future refunds and reduction in future contributions: 0,1 million
12
Required:
Calculate the value that will be given to the next plan asset under IAS19
Transcribed Image Text:An entity has the following balances relating to its defined benefit plan. Present value of the obligation: 13 million Fair value of plan assets: 17 million Actuarial losses: 1,3 million (unrecognized) Past services cost: 1,2 million (unrecognized) Present value of available future refunds and reduction in future contributions: 0,1 million 12 Required: Calculate the value that will be given to the next plan asset under IAS19
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