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Net Pension Liability

Forums › ACCA Forums › ACCA SBR Strategic Business Reporting Forums › Net Pension Liability

  • This topic has 6 replies, 1 voice, and was last updated 8 years ago by kylerlu.
Viewing 7 posts - 1 through 7 (of 7 total)
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    Posts
  • February 24, 2017 at 2:42 pm #374014
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Hi guys!

    Just want to ask about net pension liability. In June 2015 it was shown in Group RE and non current liability but in June 2013 it was only shown in non current liability.

    Should it be reflected in RE and NCL or just NCL? Thanks guys!

    February 26, 2017 at 1:10 pm #374323
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Oh yeah… Thanks Wesbys!!!!!! 🙂

    Fingers crossed on this exam. 🙂

    February 26, 2017 at 2:27 pm #374330
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Hi Wesbys!

    Just a quick question. Some liabilities like note 4 of june 2011long term bonus scheme for employees resulted to .65 ( this is deducted from R.E. And added to NCL)

    However in Sept/Dec2015, pensions in note 5 for example, service costs, interest expense etc are only deducted on R.E. And not added on NCL? How come?

    Thanks and hope to hear from yah! Have a great weekend! 🙂

    February 28, 2017 at 5:04 am #374664
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Wow! Thanks Wesbys!!! 🙂

    By the way, I was looking at June 2014 Q3 b. And “the amount of 50K paid at the end of each year for three years provided that the player has competed in all the specified tournaments.” -is considered a financial liability.

    I was just wondering how come it is not dealt with under provisions, contingent liabilities instead? Thanks!

    February 28, 2017 at 10:24 am #374712
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Hi Wesbys!

    Thanks for the quick reply!

    I see. So the 50K is a contractual obligation. on the same question June 2014 Q3b how come the “pays 20% if player wins a major tournament” is not part of the contract? I would have thought that that’s part of the contract too? How come this was treated as a contingent liability that needs to be disclosed?

    How would you know if something is part of the contract or not?

    Thanks Wesbys! 🙂

    February 28, 2017 at 2:47 pm #374747
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Hi Wesbys!

    What’s the difference of that and the 50k? Would I also be correct if I say I would not have an obligation to pay 50k unless the players competed in all specified tournaments? And hence an executionary contract too?

    Hope to hear from you soon. Thanks a million Wesbys! 🙂

    March 1, 2017 at 2:46 am #374834
    kylerlu
    Member
    • Topics: 84
    • Replies: 117
    • ☆☆☆

    Thanks a lot Wesbys! 🙂

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