4 points CLO3 - Required: Calculate the leave pay provision for each type of employees and maternity provisions for the year ended 31 December 20X8. Show Calculation, No Calculations No Marks You are the financial manager of Palestine Ltd, a company which researches generic medicines, One of your duties involves dealing with may aspects of IAS 19. You have the following information available to you for the year ended 31December 20X8: Type or Pay per Day Gross Number of Employees Employee Maximum Leave Allowed for each employee per year (days) Maximum Leave Leave Taken Allowed in Current to Carry Year (days) Forward (days) for each for each employee employee 4 20 15 $1,342 8 Directors 11 55 18 13 Laboratory technicians 690 11 10 25 16 422 Office personnel - The company policy is that all leave is accumulating but is non-vesting. Experience indicates that only 40% of the directors will use the past leave due to them, while technicians and office personnel still employed in 20X9 will use 90% 5 laboratory workers resigned during 2018. No other employees are expected to resign. Maternity Leave: Palestine Ltd has the following number of female employees (included in the number of employees above): 6 directors, 20 laboratory workers and 16 office employees. Female employees are allowed 90 days paid maternity leave per annum. This leave is non-accumulating and is unable to be paid out in cash if not taken. - 4 points CLO3 - Required: Calculate the leave pay provision for each type of employees and maternity provisions for the year ended 31 December 20X8. Show Calculation, No Calculations No Marks You are the financial manager of Palestine Ltd, a company which researches generic medicines, One of your duties involves dealing with may aspects of IAS 19. You have the following information available to you for the year ended 31December 20X8: Type or Pay per Day Gross Number of Employees Employee Maximum Leave Allowed for each employee per year (days) Maximum Leave Leave Taken Allowed in Current to Carry Year (days) Forward (days) for each for each employee employee 4 20 15 $1,342 8 Directors 11 55 18 13 Laboratory technicians 690 11 10 25 16 422 Office personnel - The company policy is that all leave is accumulating but is non-vesting. Experience indicates that only 40% of the directors will use the past leave due to them, while technicians and office personnel still employed in 20X9 will use 90% 5 laboratory workers resigned during 2018. No other employees are expected to resign. Maternity Leave: Palestine Ltd has the following number of female employees (included in the number of employees above): 6 directors, 20 laboratory workers and 16 office employees. Female employees are allowed 90 days paid maternity leave per annum. This leave is non-accumulating and is unable to be paid out in cash if not taken