IAS 19 Profroma for calculating Employee Defined Benefit Contributions

Pension Asset
-Future Value
Journals
Opening Balance

Service Cost
Benefits

(X)

Contributions

Net Interest Yield on

the Opening Asset
DR Pension Asset CR Liability - Discount
I/S
Rate
Expected Closing
Remeasurement of
Fair Value Gain/
(Loss)
Remeasurement of
Acturial Gain
Adjust for
Contributions

Actual Closing (Actuary)

Net Effect on P/L

Defined Benefit Contributions

Liability/Obligation Present Value

Statement of Financial
Position
P/L

X
X

(X)
X

Net off (X)

of asset
against
the X of
liability

Show the net effect of

the asset/liability
(offsetting is allowed

OCI

Net