A$19-12$ IFRS$-$Defined Benefit Plan; Three Elements $($LO $19-3,19-4)$

The following data relate to a defined benefit pension plan:

Defined benefit obligation, $31$ December $201$ Benefits paid to retirees in $202$ during the year Current service cost for $202$

Actual return on plan assets for $202$

Fair value of plan assets, $31$ December $20$x$1$

Funding payment $31,$ December $202$

Past service cost from amendment dated $1$ January $20$X$2$; liability is increased because benefits were increased on a retrospective basis. Actuarial revaluation dated $31$ December $20$X$2$; decrease to liability because of changed mortality assumptions.

Long$-$term interest rate on corporate bonds

$$145,000$

$27,000$

$8,000$

$3,300$

$91,000$

$8,300$

$5,000$

$(3,800)$

$6\%$

Required:

Calculate the SFP net defined benefit pension llability as of $31$ December $201.$

Net defined benefit pension liability, $31$ December $20$X$1$

$$54,000$

Compute the defined benefit obligation at $31$ December $202$ and the falr value of plan assets on the same date.

$\backslash$table$[[,],[$Defined benefit obligation, $31$ December $202,$$$,197,000$