Which of the following items in relation to a defined benefit fund are recognized in (i) profit or loss and (ii) other comprehensive income in accordance with IAS 19?
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i) recognized in profit or loss
(a) current service cost
(b) past service cost incurred during the period
(c) net interest
ii) recognized in other comprehensive income
(d) return on plan assets excluding amounts recognized in net interest
(e) current period actuarial gains in relation to the defined benefit obligation, current period actuarial losses in relation to the defined benefit obligation
The amount by which the provision for long service should be increased can be calculated as the present value of the accumulated benefit.
Tips: Know more on components of comprehensive income as per IAS/IFRS
