NST runs a defined benefit pension scheme for its employees. NST uses the 'corridor' approach for the

Question:

NST runs a defined benefit pension scheme for its employees. NST uses the 'corridor' approach for the recognition of actuarial gains and losses permitted by IAS 19, Employee Benefits. At 30 April 2008, the present value of the pension obligation was €18.6 million. Unrecognized actuarial gains at that date were €0.7 million and the fair value of plan assets was €16.9 million.
Required:
Calculate the net plan asset or liability for inclusion in NST's at 30 April 2008.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...