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Chapter 7 example 3.

This topic has 1 reply, 2 voices, and was last updated 10 years ago by MikeLittle.

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July 30, 2015 at 4:11 pm #263034
Danielle
Member
- Topics: 9
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Hi,
In chapter 7 example 2 for the unrolling of discounted values 7% for 2009 and 8% for 2010, the values for which the interest it multiplied are by 30000 and 191000 retrospectively. Where are these two values taken from? The 30000 and 191000 I mean.
Thank you for you help.
Dani
July 30, 2015 at 5:41 pm #263053
MikeLittle
Keymaster
- Topics: 27
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Hi Danielle
Those figures are the NET obligation / NET asset position of the employee benefit scheme at the start of the two respective years
Ok?
900,000 : 930,000 and
(1,046,000 + 60,000) : 915,000
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