APF plc prepares its financial statements to 31 December each year. The company has a defined benefit pension plan. On 31 December 2XX7, present value of the defined benefit obligation was €22,500,000 and the fair value of the plan’s assets was €21,900,000. The following information is available in relation to the year ended 31 December 2XX8:

(a) While the expected returns on plan assets were €2,300,000, actual returns were €2,700,000:

(b) APF plc made contributions of €3,800,000 into the plan, with employees contributing a further €1,500,000;

(c) The plan paid out benefits of €1,900,000 to past employees;

(d) The present value of the current service cost for the year ended 31 December 2XX8, before deducting employee contributions, was €3,700,000; and

(e) At 31 December 2XX8, the present value of the defined benefit obligation was €27,400,000 and the fair value of plan assets was €28,200,000.
A discount rate of 8% is considered appropriate for calculating the interest cost.
Requirement With respect to the financial statements for the year ended 31 December }
2XX8, calculate the:

(a) defined benefit expense

(b) defined benefit liability or asset; and

(c) reconcile the expense to the employer contributions.