Page 289 - F1 Integrated Workbook STUDENT 2018
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IAS 19 Employee benefits
Effecton statement of comprehensive income for the period
The changes in the defined benefit asset/liability in the period are treated as follows:
Current and past service costs
Dr SPL (employment costs)
Cr Pension liability
Interest cost (on liability)
Dr SPL (finance cost)
Cr Pension liability
Interest income (on asset)
Dr Pension asset
Cr SPL (net off against finance cost)
Curtailments and settlements (if any)
Dr or Cr SPL
Cr or Dr Pension liability
Re-measurement component gain/loss
Dr or Cr Reserves (either a separate pensions reserve or retained earnings) and
show in OCI
Cr or Dr Pension asset/liability
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