Rosek Inc provides the following information related to its

post retirement #1443

Rosek Inc. provides the following information related to its post-retirement health care benefits
for the year 2014:

Defined post-retirement benefit obligation at Jan. 1, 2014..........................$110,000

Plan assets, Jan. 1, 2014.......................................................................42,000

Actual return on plan assets, 2014............................................................3,000

Discount rate and expected return on fund assets...........................................10%

Service cost, 2014..............................................................................57,000

Plan funding during 2014.....................................................................22,000

Payments from plan to retirees.................................................................6,000

Actuarial loss on defined post-retirement benefit obligation, 2014 (end of year)....31,000

Rosek Corp. follows IFRS.

Instructions

(a) Calculate the post-retirement benefit expense for 2014.

(b) Calculate the post-retirement benefit remeasurement gain or loss-OCI for 2014.

(c) Determine the December 31, 2014 balance of the plan assets, the defined post-retirement
benefit obligation, and the funded status.

(d) Determine the balance of the net post-retirement benefit liability/asset account on the
December 31, 2014 statement of financial position.

(e) Reconcile the funded status with the amount reported on the statement of financial position
at December 31, 2014.

Rosek Inc provides the following information related to its post retirement
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