Employee benefits obligations
Examples from IAS 19 (B Illustrative disclosures) representing some of the disclosures required by IAS 19 for employee benefit obligations using block and detailed XBRL tagging.
The amounts recognised in the statement of financial position are as follows:
Defined benefit pension plans |
Post-employment medical benefits |
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20X2 |
20X1 |
20X2 |
20X1 |
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Present value of funded obligations |
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– |
– |
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Fair value of plan assets |
(
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(
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– |
– |
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– |
– |
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Present value of unfunded obligations |
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Unrecognised actuarial gains (losses) |
(
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(
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(
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Unrecognised past service cost |
(
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(
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– |
– |
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Net liability |
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Amounts in the statement of financial position: |
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liabilities |
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assets |
– |
(
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– |
– |
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Net liability |
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The pension plan assets include ordinary shares issued by [name of reporting entity] with a fair value of
The amounts recognised in profit or loss are as follows:
Defined benefit pension plans |
Post-employment medical benefits |
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20X2 |
20X1 |
20X2 |
20X1 |
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Current service cost |
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Interest on obligation |
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Expected return on plan assets |
(
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(
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Net actuarial losses (gains) recognised in year |
(
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(
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Past service cost |
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Losses (gains) on curtailments and settlements |
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(
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Total, included in ‘employee benefits expense’ |
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Actual return on plan assets |
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– |
– |
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Changes in the present value of the defined benefit obligation are as follows:
Defined benefit pension plans |
Post-employment medical benefits |
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20X2 |
20X1 |
20X2 |
20X1 |
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Opening defined benefit obligation |
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Service cost |
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Interest cost |
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Actuarial losses (gains) |
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Losses (gains) on curtailments |
(
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– |
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Liabilities extinguished on settlements |
– |
(
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Liabilities assumed in a business combination |
– |
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Exchange differences on foreign plans |
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(
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Benefits paid |
(
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(
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(
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(
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Closing defined benefit obligation |
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Changes in the fair value of plan assets are as follows:
Defined benefit pension plans |
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20X2 |
20X1 |
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Opening fair value of plan assets |
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Expected return |
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Actuarial gains and (losses) |
(
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Assets distributed on settlements |
(
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– |
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Contributions by employer |
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Assets acquired in a business combination |
– |
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Exchange differences on foreign plans |
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(
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Benefits paid |
(
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(
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The group expects to contribute
The major categories of
plan assets as a percentage of total plan |
20X2 |
20X1 |
European equities |
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North American equities |
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European bonds |
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North American bonds |
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Property |
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Principal actuarial assumptions at the end of the reporting period (expressed as weighted averages):
20X2 |
20X1 |
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Discount rate at 31 December |
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Expected return on plan assets at 31 December |
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Future salary increases |
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Future pension increases |
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Proportion of employees opting for early retirement |
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Annual increase in healthcare costs |
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Future changes in maximum state healthcare benefits |
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Assumed healthcare cost trend rates have a significant effect on the amounts recognised in profit or loss. A one percentage point change in assumed healthcare cost trend rates would have the following effects:
One percentage point increase |
One percentage point decrease |
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Effect on the aggregate of the service cost and interest cost |
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(
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Effect on defined benefit obligation |
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(
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Amounts for the current and previous four periods are as follows:
Defined benefit pension plans
20X2 |
20X1 |
20X0 |
20W9 |
20W8 |
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Defined benefit |
(
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(
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(
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(
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(
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Plan assets |
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Surplus/(deficit) |
(
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(
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(
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(
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Experience adjustments on |
(
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(
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(
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(
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Experience adjustments on |
(
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(
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(
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Post-employment medical benefits
20X2 |
20X1 |
20X0 |
20W9 |
20W8 |
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Defined benefit obligation |
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Experience adjustments on |
(
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(
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(
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