Page 277 - Group Insurance and Retirement Benefit IC 83 E- Book
P. 277
226 AS 15
statements. [describe basis] On that basis, the plan’s financial statements
to 30 September 20X3 show an unfunded liability of Rs. 27,525. The
unfunded liability will result in future payments by participating
employers. The plan has approximately 75,000 members, of whom
approximately 5,000 are current or former employees of [name of
reporting enterprise] or their dependants. The expense recognised in the
statement of profit and loss, which is equal to contributions due for the
year, and is not included in the above amounts, was Rs. 230 (20X4-X5:
Rs. 215). The group’s future contributions may be increased substantially
if other enterprises withdraw from the plan.
