Accounting for defined benefit superannuation plans   LO5 Sydney Ltd provides a defined benefit superannuation plan for its managers. The assistant accountant has completed some sections of the defined benefit worksheet based on information provided in an actuary’s report on the Sydney DB Superannuation Fund for the year ended 30 June 2020. SYDNEY DB SUPERANNUATION FUND Defined benefit worksheet for the year ended 30 June 2020 Sydney Ltd Sydney DB Superannuation Fund Profit/loss $’000 OCI $’000 Bank $’000 Net DBL(A) $’000 DBO $’000 Plan assets $’000 Balance 30/6/19 1 000 Cr 6 000 Cr 5 000 Dr Net interest at 10% Current service cost 400 Cr Contributions to the fund 600 Cr 600 Dr Benefits paid by the fund 100 Dr 100 Cr Actuarial loss: DBO 300 Cr Journal entry Balance 30/6/20 7 200 Cr 6 000 Dr Adjustment for asset ceiling if < deficit Balance 30/6/20 Additional information The asset ceiling was $600 000 at 30 June 2020. Required 1. Determine the surplus or deficit of the fund at 30 June 2020. 2. Determine the net defined benefit asset or liability at 30 June 2020. 3. Calculate the net interest and distinguish between the interest expense component of the defined benefit obligation and the interest income component of the change in the fair value of plan assets for the year ended 30 June 2020. 4. Determine the amount to be recognised in profit or loss in relation to the defined benefit superannuation plan for the year ended 30 June 2020. 5. Determine the amount to be recognised in other comprehensive income in relation to the defined benefit superannuation plan for the year ended 30 June 2020.