Mc Fast Food Bhd, a listed company, operates a funded gratuity scheme for its employees. Following...

 

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Mc Fast Food Bhd, a listed company, operates a funded gratuity scheme for its employees. Following relevant information has been extracted from the actuarial reports: Present value of defined benefit obligations Fair value of plan assets 30 June 2016 RM million 900 880 25 15 30 June 2015 RM million 17 5% 6% 600 560 22 14 Current service cost for the year Contributions paid during the year Benefits paid during the year Expected return on plan assets Discount rate for plan liabilities The expected remaining working lives of the employees as at 30 June 2016 were 15 years. 15 6% 8% Required: Compute the amounts which need to be reported in the Statement of financial position and the Statement of comprehensive income for Mc Fast Food Bhd for the year ended 30 June 2016. Mc Fast Food Bhd, a listed company, operates a funded gratuity scheme for its employees. Following relevant information has been extracted from the actuarial reports: Present value of defined benefit obligations Fair value of plan assets 30 June 2016 RM million 900 880 25 15 30 June 2015 RM million 17 5% 6% 600 560 22 14 Current service cost for the year Contributions paid during the year Benefits paid during the year Expected return on plan assets Discount rate for plan liabilities The expected remaining working lives of the employees as at 30 June 2016 were 15 years. 15 6% 8% Required: Compute the amounts which need to be reported in the Statement of financial position and the Statement of comprehensive income for Mc Fast Food Bhd for the year ended 30 June 2016.

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