defined benefit

SIR, answer : re measurement is negative 4 what it means actuarial gains ? confused when it is gain or loss TC has a defined benefit pension plan and prepares financial statements to 31 March each year. The following information is relevant for the year ended 31 March 20X3: • The net pension obligation at 31 March 20X3 was $55 million. At 31 March 20X2, the net obligation was $48 million, comprising the present value of the plan obligation stated at $100 million, together with plan assets stated at fair value of $52 million. • The discount rate relevant to the net obligation was 6.25% and the actual return on plan assets for the year was $4 million. • The current service cost was $12 million. • At 31 March 20X3, TC granted additional benefits to those currently receiving benefits that are due to vest over the next four years and which have a present value of $4 million at that date. They were not allowed for in the original actuarial assumptions. • During the year, TC made pension contributions of $8 million into the scheme and the scheme paid pension benefits in the year amounting to $3 million. thanks in advance