JSX, a listed entity, has a defined benefits pension scheme. The following information relates the pension scheme

Question:

JSX, a listed entity, has a defined benefits pension scheme. The following information relates the pension scheme for the year ended 31 October 2008:
Current service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 362 000
Contributions to scheme . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .550 000
Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 662 400
Fair value of scheme assets at 1 November 2007 . . . . . . . . . . 10 660 000
Fair value of scheme assets at 31 October 2008 . . . . . . . . . . . 11 204 000
Interest cost in respect of the defined benefit obligation . . . . 730 000
The on scheme assets for the year ended 31 October 2008 was 6.2 %.
Required:
Calculate the actuarial gain and loss on JSX's pension scheme assets for the year ended 31 October 2008.
Expected Return
The expected return is the profit or loss an investor anticipates on an investment that has known or anticipated rates of return (RoR). It is calculated by multiplying potential outcomes by the chances of them occurring and then totaling these...