The following information is provided with respect to the defined benefit pension plan of Christy Limited for the year ended 31 December 2017.

The market yield on high-quality corporate bonds at 31 December 2017 was 5% and all the -
benefits and contributions were paid on 31 December 2017.
On 1 January 2017 the pension plan was amended to provide additional benefits, with effect from that date. The present value of the additional benefits at 1 January 2017 amounted to €350,000.
Requirement Show how the defined benefit pension plan would be accounted for in the financial statements of Rush Limited for the year ended 31 December 2017.

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Fair value of plan assets at 1 January 2017 Present value of obligation at 1 January 2017 Current service cost Benefits paid Contributions paid 000 3,000 3,700 480 575 410 Fair value of plan assets at 31 December 2017 Present value of obligation at 31 December 2017 * 4,380 5,575