International Financial Reporting Standards_guide.pdf

410 Chapter 37 Accounting and Reporting by Retirement Benefit Plans (IAS 26)
37.5.5 Actuarial information (for defined benefit plans only) should be made available,
including:
■ the actuarial present value of promised retirement benefits, based on the amount of
benefits promised under the terms of the plan, on service rendered to date, and on either
current salary levels or projected salary levels;
■ description of main actuarial assumptions;
■ the method used to calculate the actuarial present value of promised retirement benefits;
and
■ the date of the most recent actuarial valuation.
37.6 FINANCIAL ANALYSIS AND INTERPRETATION
See chapter 25 for a discussion of analytical issues related to retirement benefit funds.
37.7 COMMENTARY
37.7.1 This standard does not introduce new recognition and measurement principles for
retirement benefit plans, which are addressed in IAS 19 (see chapter 25). It merely prescribes
the information that a retirement benefit plan should include in its financial statements.
37.8 IMPLEMENTATION DECISIONS
See chapter 25 for a discussion of implementation decisions.