The following data applies to the post employment defined benefit compensation scheme of Sabonkudi Co$.$ Ltd$.$ All payments are assumed to occur at year end for simplicity.

Discount rate: $10\%($each year$)$

Present value of obligation at start of $2012$: GHS $1m$

Market value of plan assets at start of $2012$: GHS $1$m The following figures are relevant.

$2012$

$2013$

$2014$

GHS

GHS

$\text{'}000\text{'}000$

$\text{'}000$

Current Service Cost

$140$

$150,150$

Benefits paid out

$90,150$

Contributions paid by entity

$120$

$70,120$

Present value of plan obligation at year$-$end

$110$

$1,650,1,700$

$1,200$

Fair value of plan assets at year$-$end

$1,250$

$1,450,1,610$

Additional information:

At the end of $2013,$ a division of the company was sold. As a result of this, a large number of the employees of that division opted to transfer their accumulated pension entitlement to their new employer's plan. Assets with a fair value of GHS $48,000$ were transferred to the other company's plan and the actuary has calculated that the reduction in ZAA's defined benefit liability is GHS GHS $50,000.$ The year$-$end valuations in the table above were carried out before this transfer was recorded.

At the end of $2014,$ a decision was taken to make a one$-$off additional payment to former employees currently receiving pensions from the plan. This was announced to the former employees before the year end. This payment was not allowed for in the original terms of the scheme. The actuarial valuation of the obligation in the table above includes the additional liability of GHS $40,000$ relating to this additional payment $($not adjusted for$).$

Required:

Show how the reporting entity should account for this defined benefit plan in each of years $2012,2013$ and $2014.$