18-1

1 Current Service Cost

Interest Expense (10% x 6M)
Interest Income (10% x 5M)
Employee benefit expense

2 Actual return
Interest income
Remeasurement gain - OCI

3 Employee benefit expense

Cash
Remeasurement gain - OCI
Accrued benefit cost

4 Accrued benefit cost - Jan 01 (6M - 5M)

Credit Adjustment
Accrued benefit cost - Dec 31

5 Fair Value of Plan Assets (FVPA) - Jan 01

Contribution
Actual Return
FVPA - Dec 31

Projected benefit obligation (PBO) - Jan 01

Current Service cost
Interest Expense
PBO - Dec 31

Prepaid/Accrued benefit cost - Dec 31 (8,150,000 - 6,850,000

18-2
1 Current Service Cost
Interest Expense (10% x 6.5M)
Interest Income (10% x 5.75M)
Employee benefit expense
 2 Actual return
Interest income
Remeasurement gain - OCI

3 Employee benefit expense

Prepaid benefit cost
Cash
Remeasurement gain - OCI

4 Prepaid/Accrued benefit cost - Jan 01 (6.5M - 5.75M)

Debit Adjustment
Prepaid/Accrued benefit cost - Dec 31

5 Fair Value of Plan Assets (FVPA) - Jan 01

Contribution
Actual Return
Benefit paid
FVPA - Dec 31

Projected benefit obligation (PBO) - Jan 01

Current Service cost
Interest Expense
Benefit paid
PBO - Dec 31

Prepaid/Accrued benefit cost - Dec 31 (7,650,000 - 7,250,000

18-3
1 Current Service Cost
Past Service Cost
Interest Expense (10% x 7.6M)
Interest Income (10% x 6.7M)
Employee benefit expense

2 Actual return
Interest income
 Remeasurement gain(loss) - OCI

3 Employee benefit expense

Remeasurement loss - OCI
Cash
Prepaid/Accrued benefit cost

4 Prepaid/Accrued benefit cost - Jan 01 (7.6M - 6.7M)

Credit Adjustment
Prepaid/Accrued benefit cost - Dec 31

5 Fair Value of Plan Assets (FVPA) - Jan 01

Contribution
Interest income
Remeasurement loss - plan assets
Benefit paid
FVPA - Dec 31

Projected benefit obligation (PBO) - Jan 01

Current Service cost
Past Service cost
Interest Expense
Benefit paid
PBO - Dec 31

Prepaid/Accrued benefit cost - Dec 31 (9,310,000 - 7,900,000

18-4

1 Retained Earnings
Prepaid/Accrued benefit cost

2 Current Service Cost

Interest Expense (8% x 7.5M)
Interest Income (8% x 6M)
Employee benefit expense
 Actual return
Interest income
Remeasurement gain(loss) - OCI

3 Employee benefit expense

Cash
Remeasurement gain - OCI
Prepaid/Accrued benefit cost

4 Prepaid/Accrued benefit cost - Jan 01

Transitional effect
Credit Adjustment
Prepaid/Accrued benefit cost - Dec 31

5 Fair Value of Plan Assets (FVPA) - Jan 01

Contribution
Actual return
Benefit paid
FVPA - Dec 31

Projected benefit obligation (PBO) - Jan 01

Current Service cost
Interest Expense
Benefit paid
PBO - Dec 31

Prepaid/Accrued benefit cost - Dec 31 (8,850,000 - 7,050,000

18-5
1 Current Service Cost
Interest Expense (10% x 7.5M)
Interest Income (10% x 6.5M)
Employee benefit expense

2 Actual return
Interest income
Remeasurement gain(loss) - OCI
 Decrease in PBO - actuarial gain
Total remeasurement gain(loss) - OCI

3 Employee benefit expense

Prepaid/Accrued benefit cost
Cash
Remeasurement gain(loss) - OCI

4 Prepaid/Accrued benefit cost - Jan 01

Debit Adjustment
Prepaid/Accrued benefit cost - Dec 31

5 Fair Value of Plan Assets (FVPA) - Jan 01

Contribution
Actual return
Benefit paid
FVPA - Dec 31

Projected benefit obligation (PBO) - Jan 01

Current Service cost
Interest Expense
Decrease in PBO
Benefit paid
PBO - Dec 31

Prepaid/Accrued benefit cost - Dec 31 (7,750,000 - 7,000,000

18-6

1 Retained Earnings
Prepaid/Accrued benefit cost

Prepaid/Accrued benefit cost

Retained Earnings
 2 Current Service Cost
Interest Expense (6% x 5.5M)
Interest Income (6% x 4.75M)
Employee benefit expense

3 Actual return
Interest income
Remeasurement gain(loss) - OCI
Increase in PBO - actuarial loss
Total remeasurement gain(loss) - OCI

4 Employee benefit expense

Prepaid/Accrued benefit cost
Cash
Remeasurement gain - OCI

5 Prepaid/Accrued benefit cost - Jan 01

Debit Adjustment
Prepaid/Accrued benefit cost - Dec 31

6 Fair Value of Plan Assets (FVPA) - Jan 01

Contribution
Actual return
Benefit paid
FVPA - Dec 31

Projected benefit obligation (PBO) - Jan 01

Current Service cost
Interest Expense
Increase in PBO
Benefit paid
PBO - Dec 31

Prepaid/Accrued benefit cost - Dec 31 (5,910,000 - 5,590,000

18-7
1 PV of defined benefit obligation settled
 Lump sum payment
Gain on settlement

Current Service Cost

Interest Expense (12% x 8M)
Interest Income (12% x 6M)
Gain on settlement
Employee benefit expense

2 Actual return
Interest income
Remeasurement gain(loss) - OCI

3 Employee benefit expense

Cash
Remeasurement gain - OCI
Prepaid/Accrued benefit cost

4 Prepaid/Accrued benefit cost - Jan 01

Credit Adjustment
Prepaid/Accrued benefit cost - Dec 31

5 Fair Value of Plan Assets (FVPA) - Jan 01

Contribution
Actual return
Lump sum payment
FVPA - Dec 31

Projected benefit obligation (PBO) - Jan 01

Current Service cost
Interest Expense
PV of defined benefit obligation settled
PBO - Dec 31

Prepaid/Accrued benefit cost - Dec 31 (8,860,000 - 6,700,000

18-8
1 FVPA - 01/01
Contribution
Actual return
FVPA - 12/31

2 PBO, 01/01
Current service cost
Past service cost
Interest expense (5M x 10%)
Decreae in PBO - actuarial gain
PBO, 12/31

3 FVPA, 12/31
PBO, 12/31
Prepaid/accrued benefit cost - surplus
Asset ceiling - 12/31
Effect of asset ceiling

4 Current service cost

Past service cost
Interest expense on PBO (10% x 5M)
Interest income on FVPA (10% x 6M)
Interest expense on the effect of asset ceiling (10% x 300,00
Employee benefit expense

5 Actual return
Interest income
Remeasurement gain on plan assets

Decrease in PBO - actuarial gain

Effect of asset ceiling - 12/31

Effect of asset ceiling - 01/01
Total change in the effect of asset ceiling
Interes expense on the effect of asse ceiling
Remeasurement loss on the effect of asset ceiling
 Remeasurement gain on plan assets
Actuarial gain on PBO
Remeasurement loss on the effect of asset ceiling
Net remeasurement gain

6 Employee benefit expense

Prepaid/accrued benefit cost
Cash
Remeasurement gain - OCI

7 Prepaid/accrued benefit cost - 01/01, asset ceiling - debit

Debit adjustment
Prepaid/accrued benefit cost - 12/31, asset ceiling - debit

18-9 D
PBO - 01/01
Current service cost
Interest expense on PBO (7,200,000 x 10%)
Total
Less: benefits paid
PBO - 12/31

18-10 A

Projected benefit obligation (PBO) - Jan 01

Current Service cost
Interest Expense (10% x 3M)
Benefit paid
Actual gain
PBO - Dec 31

18-11 A
PBO - 01/01 (120,000 / 8%)
Curent service cost - SQUEEZE
Interest cost
Total
Pension benefits paid
 PBO - 12/31

18-12 A
PBO - 01/01
Current service cost
Past service cost
Interest expense on PBO (3,500,000 x 10%)
Actuarial loss
Benefits paid
PBO - 12/31

18-13 A
Fair Value of Plan Assets (FVPA) - Jan 01
Contribution
Actual return
Benefit paid
FVPA - Dec 31

18-14
1-B FVPA - 01/01
Contribution to the fund
Actual return on plan assets
Benefits paid
FVPA - 12/31

2-C
Actual return
Interest income (6% x 8,750,000)
Remeasurement gain

18-15
Fair Value of Plan Assets (FVPA) - Jan 01
Contribution
Actual return
Benefit paid
FVPA - Dec 31
18-16
Fair Value of Plan Assets (FVPA) - Jan 01
Contribution
Actual return
Benefit paid
FVPA - Dec 31

Actual Return
Interest income
Remeasurmeent gain (loss)

18-17 D
Employee benefit expense
Contribution
Prepaid benefit cost, 12/31
Prepaid benefit cost, 01/01
Accrued pension cost

18-18 B
PBO
FVPA
Accrued liability

18-19 B
PBO after amendment
PBO before amendment
Past service cost

18-20 C

Contribution or funding - 2021

Service cost - 2021
Prepaid pension cost - 2021

Service cost - 2022

Interest Exp
 Interest income
Employee benefit expense - 2022

Contribution or funding - 2022

Employee benefit expense - 2022
Prepaid pension cost - 2022
Prepaid pension cost - 2021
Prepaid pension cost - 12/31/2022

18-21
1-C Current service cost
Interest expense (10% x 7,500,000)
Interest income (10% x 7M)
Gain on plan settlement
Employee benefit expense

2-C Actual return

Interest income
Remeasurement gain on plan assets
Decrease in PBO - actuarial gain
Total remeasurement gain

3-A FVPA - 01/01

Contribution to the plan
Actual return
Benefits paid
Settlement
FVPA - 12/31

4-B
PBO - 01/01
Current service cost
Interest expense
Benefits paid
Decrease in PBO
PV of benefit obligation settled
PBO - 12/31
5-B Employee benefit expense
Prepaid/accrued benefit cost (balancing figure)
Cash
Remeasurement gain - OCI

Prepaid/accrued benefit cost - 01/01

Debit adjustment
Prepaid/accrued benefit cost - 12/31

Reconciliation:
FVPA - 12/31
PBO - 12/31
Prepaid/accrued benefit cost - 12/31

18-22 ABA

18-23 AADCC

18-24 AACD

18-25 BAC

18-26 ACAAA

18-27 ADCABCDDAC

18-28 BDCDA
 1,550,000
600,000
(500,000)
1,650,000

650,000
(500,000)
150,000

1,650,000
1,200,000
150,000
300,000 balancing figure

1,000,000
300,000
1,300,000

5,000,000
1,200,000
650,000
6,850,000

6,000,000
1,550,000
600,000
8,150,000

(8,150,000 - 6,850,000) 1,300,000

600,000
650,000
(575,000)
675,000
 700,000
(575,000)
125,000

675,000
350,000 balancing figure
900,000
125,000

6.5M - 5.75M) (750,000)

350,000
(400,000)

5,750,000
900,000
700,000
(100,000)
7,250,000

6,500,000
600,000
650,000
(100,000)
7,650,000

(7,650,000 - 7,250,000) (400,000)

1,450,000
300,000
760,000
(670,000)
1,840,000

500,000
(670,000)
 (170,000)

1,840,000
170,000
1,500,000
510,000 balancing figure

7.6M - 6.7M) 900,000

510,000
1,410,000

6,700,000
1,500,000
670,000 actual return = 670,000 - 170,000 = 500,000
(170,000)
(800,000)
7,900,000

7,600,000
1,450,000
300,000
760,000
(800,000)
9,310,000

(9,310,000 - 7,900,000) 1,410,000

300,000
300,000

900,000
600,000
(480,000)
1,020,000
 700,000
(480,000)
220,000

1,020,000
500,000
220,000
300,000 balancing figure

1,200,000
300,000
300,000
1,800,000

6,000,000
500,000
700,000
(150,000)
7,050,000

7,500,000
900,000
600,000
(150,000)
8,850,000

(8,850,000 - 7,050,000) 1,800,000

1,200,000
750,000
(650,000)
1,300,000

800,000
(650,000)
150,000
 200,000
350,000

1,300,000
250,000 balancing figure
1,200,000
350,000

1,000,000
(250,000)
750,000

6,500,000
1,200,000
800,000
(1,500,000)
7,000,000

7,500,000
1,200,000
750,000
(200,000)
(1,500,000)
7,750,000

(7,750,000 - 7,000,000) 750,000

1,250,000
1,250,000

850,000
850,000
 925,000
330,000
(285,000)
970,000

485,000
(285,000)
200,000
(150,000)
50,000

970,000
430,000
1,350,000
50,000

750,000
(430,000)
320,000

4,750,000
1,350,000
485,000
(995,000)
5,590,000

5,500,000
925,000
330,000
150,000
(995,000)
5,910,000

(5,910,000 - 5,590,000) 320,000

1,000,000
 (800,000)
200,000

900,000
960,000
(720,000)
(200,000)
940,000

800,000
(720,000)
80,000

940,000
700,000
80,000
160,000

2,000,000
160,000
2,160,000

6,000,000
700,000
800,000
(800,000)
6,700,000

8,000,000
900,000
960,000
(1,000,000)
8,860,000

(8,860,000 - 6,700,000) 2,160,000

 6,000,000
1,000,000
900,000
7,900,000

5,000,000
700,000
200,000
500,000
(500,000)
5,900,000

7,900,000
5,900,000
2,000,000
1,200,000
800,000

700,000
200,000
500,000
(600,000)
ceiling (10% x 300,000) 30,000
830,000

900,000
(600,000)
300,000

500,000

800,000
(300,000)
500,000
(30,000)
sset ceiling 470,000
 300,000
500,000
sset ceiling (470,000)
330,000

830,000
500,000
1,000,000
330,000

sset ceiling - debit 700,000

500,000
sset ceiling - debit 1,200,000

7,200,000
1,800,000
720,000
9,720,000
1,500,000
8,220,000

3,000,000
900,000 SQUEEZE
300,000
(500,000)
(200,000)
3,500,000

1,500,000
675,000
120,000
2,295,000
(135,000)
2,160,000

3,500,000
400,000
500,000
350,000
200,000
(250,000)
4,700,000

3,500,000
1,100,000
1,500,000 SQUEEZE
(850,000)
5,250,000

8,750,000
700,000
950,000
(1,000,000)
9,400,000

950,000
(525,000)
425,000

3,500,000
300,000
850,000 SQUEEZE
(250,000)
4,400,000
9,000,000
1,000,000
600,000 SQUEEZE
(700,000)
9,900,000

600,000
(900,000)
(300,000)

1,200,000
(400,000)
800,000
(200,000)
600,000

5,700,000
(3,450,000)
2,250,000

1,900,000
(1,300,000)
600,000

2,000,000
1,500,000
500,000

1,650,000
150,000
 (200,000)
1,600,000

1,850,000
(1,600,000)
250,000
500,000
750,000

1,400,000
750,000
(700,000)
(100,000)
1,350,000

840,000
(700,000)
140,000
200,000
340,000

7,000,000
1,200,000
840,000
(1,500,000)
(400,000)
7,140,000

7,500,000
1,400,000
750,000
(1,500,000)
(200,000)
(500,000)
7,450,000
1,350,000
190,000
1,200,000
340,000

(500,000)
190,000
(310,000)

7,140,000
(7,450,000)
(310,000)