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Determine the amount that will be shown in profit or loss

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Question - ABC operates a defined benefit plan which provides for benefit of 10% of final salary for each year of service. The benefits will vest after 6 years of service. Beginning of 2017, ABC improves the benefit to 12% of the final salary for every year of service including prior years. On the date of amendment, the present value of the additional benefits increased as follows:

Employees with more than 6 years of service as of the amendment date 450,550

Employees with less than 6 years of service as of the amendment date

3 years before vesting period - 330,000

4 years before vesting period - 120,000

Required - Determine the amount that will be shown in profit or loss, under PAS19R.

Reference no: EM133105163

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