for a qs relating to retirement benefit which askd to calculate the loss on remeasurement on the defined benefit obligation, the loss was deducted frm ‘other reserves’ head instead f retained earnings from a groups perspective. the retirement benefit was related to the parent company.please tell me why it ws deductd from other reserves and nt from RE. is it correct if we deduct it frm RE.
The loss on remeasurement goes through other comprehensive income and so will therefore be shown through other components of equity in the statement of financial position.