A company closes down its subsidiary, and the employees of that subsidiary no longer earn further pension benefits. The company has a defined benefit obligation with a net present value of €60 million. The plan assets have a fair value of €48 million. There are net cumulative and actuarial unrecognized gains of €4 million. The curtailment reduces the net present value of the obligation by €6 million.
Requirement Calculate the curtailment gain and the net liability recognized in the statement of financial position after the curtailment.