Page 273 - Group Insurance and Retirement Benefit IC 83 E- Book
P. 273
222 AS 15
Unrecognised past service cost (450) (650) - -
Net liability 3,430 470 7,337 6,405
Amounts in the balance sheet:
Liabilities 3,430 560 7,337 6,405
Assets - (90) - -
Net liability 3,430 470 7,337 6,405
The pension plan assets include equity shares issued by [name of reporting
enterprise] with a fair value of Rs. 317 (20X4-X5: Rs. 281). Plan assets
also include property occupied by [name of reporting enterprise] with
a fair value of Rs. 200 (20X4-X5: Rs. 185).
The amounts (in Rs.) recognised in the statement of profit and loss are as
follows:
Defined benefit Post-employment
pension plans medical benefits
20X5-X6 20X4-X5 20X5-X6 20X4-X5
Current service cost 850 750 479 411
Interest on obligation 950 1,000 803 705
Expected return on plan assets (900) (650)
Net actuarial losses (gains)
recognised in year 2650 (650) 250 400
Past service cost 200 200 - -
Losses (gains) on curtailments
and settlements 175 (390) - -
Total, included in ‘employee
benefit expense’ 3,925 260 1,532 1,516
Actual return on plan assets 600 2,250 - -
Changes in the present value of the defined benefit obligation
representing reconciliation of opening and closing balances thereof are as
follows:
