Amounts Recognised in the Balance Sheet and Statements of Profit and Loss, and Related Analyses
The final step is to determine the amounts to be recognised in the balance sheet and statement of profit and loss, and the related analyses to be disclosed in accordance with paragraphs 120 (f), (g) and (j) of the Standard (the analyses required to be disclosed in accordance with paragraph 120(c) and (e) are given in the section of this illustration ‘Changes in the Present Value of the Obligation and in the Fair Value of the Plan Assets’). These are as follows:
(Amount in Rs.) | ||
20X4-X5 | 20X5-X6 | 20X6-X7 |
Present value of the obligation 1,141 | 1,197 | 1,295 |
Fair value of plan assets (1,092) | (1,109) | (1,093) |
49 | 88 | 202 |
Unrecognised past service cost — non vested benefits | (20) | (10) |
Liability recognised in balance shee t 49 | 68 | 192 |
Current service cost 130 | 140 | 150 |
Interest cost 100 | 103 | 96 |
Expected return on plan assets (120) | (121) | (114) |
Net actuarial (gain) loss recognised in year 29 | (63) | 92 |
Past service cost – non-vested benefits – | 10 | 10 |
Past service cost – vested benefits – | 50 | – |
Expense recognised in the statement
of profit and loss 139 |
119 | 234 |
Actual return on plan assets: | ||
Expected return on plan assets 120 | 121 | 114 |
Actuarial gain (loss) on plan assets 32 | (24) | (50) |
Actual return on plan assets 152 | 97 | 64 |
Note: see example illustrating paragraphs 103-105 for presentation of reimbursements.