Question
i. With reference to international accounting standard (IAS19) Employee benefit briefly explain the accounting treatment of the defined benefit pension surplus(plan asset) in the financial
Further information relating to the pension plan for the year ended 31st December 2018 was as follows:
Amount in N$ million
Current service 209
Benefit paid to former employees 242
Contribution paid into the plan 259
Present value of the benefit obligations as at 31st December 2018 3,360
Fair value of plan assets as at 31st December 2018 3,113
Additional information
Required:
The required notes to the statement of comprehensive income and the statement of financial position to reflects the financial effects of the defined benefit plan in the year ended 31st December 2018
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