Following information is relevant to a defined benefit pension plan of PT XYZ for the year

2020:

Plant Assets

CU 000

Balance at January 01, 2020 600

Expected return on plan assets 61

Contribution received 49

Benefits paid -40

Actuarial gain (balancing figure) 15

685

Plant Liabilities:

Balance at January 01, 2020 640

Interest cost 52

Current Service Cost 21

Benefit paid -40

Actuarial gain (loss) (balancing

figure) 42

715

Calculate:

(i) Pension expense to be recognised in profit or loss for the year ended December 31,

2020.

(ii) Net liabilities to be shown in the Statement of Financial Position as of December

31, 2020

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