Employee Benefits (IAS 19) - Actuarial Society of India

Highlights of Revised IAS 19• Revised IAS 19 requires full recognition of deficit orsurplus (actuarial gains and losses) to be fullyrecognized on the balance sheet date.• Under the revised standard the net interest income isincluded is introduced as the equivalent of expectedreturn on plan assets under IAS 19.• The defined benefit cost under the revised standardcomprises of service cost, net interest andremeasurements.• A very extensive disclosure requirements are put forthunder the revised standard d especially those relating tocharacteristics, risk and the presented figures in thefinancial statements regarding defined benefit planswww.carajkumarradukia.com 10