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Sunny Ltd has a defined benefit plan for its employees. At 1 April 2 0 1 8 , the fair value of the pension plan
Sunny Ltd has a defined benefit plan for its employees. At April the fair value of the pension plan assets was m and the present value of pension plan liabilities was m On March Sunny Ltd received the following information from its actuary: The service cost of the financial period was estimated at During the year, the company paid to retired employees covered by the pension plan During the year, the company contributed to the plan On March the fair value of the plan assets was The actuary estimated the discount rate for the year to March at The defined pension liability at that date was measured by the actuary and resulted in an amount of Required:In accordance with IAS present statement to show the following as at March : : What is the actuarial gain or loss from planned assets? : What is the actuarial gain or loss from planned liabilities? : What is the amount of remeasurement gain or loss? : What is the net amount to be charged to the Income Statement as expense? : What is the amount of net assets or liabilities to be shown in the balance sheet?
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