CHAPTER 5- INTERNATIONAL ACCT

The Kissel Trucking Company Inc. has a defined benefit pension plan for its employees. At December 31, Year 1, the following information is available regarding Kissels plan:

1. Fair value of plan assets	$30,000,000
   Present value of defined benefit obligation	38,000,000
   Service costs	4,000,000
   Interest costs	1,200,000
   Actuarial gains	150,000
   Past service costs	375,000

   Required:

   Determine the amount that Kissel will report on the balance sheet as of December 31, Year 1, for this pension plan under IFRS.