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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 1 April 2018, the fair value of the pension plan assets was 8.2m and the present value of pension plan liabilities was 8.5m. On 31 March 2019, Sunny Ltd received the following information from its actuary: 1. The service cost of the financial period was estimated at 2,100,0002. During the year, the company paid 500,000 to retired employees covered by the pension plan3. During the year, the company contributed 1,900,000 to the plan4. On 31 March 2019 the fair value of the plan assets was 10,600,0005. The actuary estimated the discount rate for the year to 31 March 2019 at 5%6. The defined pension liability at that date was measured by the actuary and resulted in an amount of 11,000,000. Required:In accordance with IAS 19, present statement to show the following as at 31 March 2019: 11.1: What is the actuarial gain or loss from planned assets? 11.2: What is the actuarial gain or loss from planned liabilities? 11.3: What is the amount of re-measurement gain or loss? 11.4: What is the net amount to be charged to the Income Statement as expense? 11.5: What is the amount of net assets or liabilities to be shown in the balance sheet?

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