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All Employee Benefits Short Term Other Long Post Terminal
Defined Benefit
•
Except - Shnre Based Employee Term Employee Employment Benefits Defined
Benefits Benefits Employee Contribution P lans (DCP) Plans (DBP) DEFlNED BENEFITS PLAN ASSETS
Payments (lndAS 102)
t t i
Benefits Eg. VRS Employer's Contribution OBLIGATION (LIABILITY)
Employer's
t
Eg. Salaries, Eg.Long
Eg. Gratuity,
•
Expenditure Contribution is Fixed may not be fixed
A greed Benefits a re ! Through
•
l'ncentives Term A ctua r ial & Investment
Bonus Plans Provident R equired to be Provided Through
Alwa ys C harged Risk is on the Employee a) Contributions
Funds a) Current Service
Always Char ged t o P & Lin t he Actua r ial Assumptions u nderDBP Made by E mployer
to P&Lin the Year in w hich Actua rial & Investment Cost (CSC) b) Fin a nce Income on
it Occ urs a re not Required
Year In which Risk is on the Employer &
Entire Contribution a bove Contributions
it Occurs b) Inte r est Cost (IC)
Expense is Charged to Actua rial Assumptions
P&La/c are required
CSC & IC both arc charged to P&L
Expense is Recognised
Based on "Projected U n it
Credit Method"
idiiiiilif
Defined Benefit Liability Defined Benefit Plan Assets
It means Change (l.ncrease) csc F i.ii'ance I ncome
•
IC
is reduced with or without
Settlement due to Modification
in Defined Benefit O bligat ion
(Liability) due to Plan
Obligations
I. +
Plan Assets Shall
t on P lan Assets
( Expected Rctu r!l o n P inn Assets)
made by Employer Discounted Va lue Calc ulated on
Amendments made by Entity DBO Sha ll be be Measured at of Estimated Defined Benefit
+ t Measured as per
the Discount Rate
Fair Val ue a t
each B! Date
A nnual Benefits Liability Using
If Contribution
is made &
Calculate Six Monthly Rate
( \/ l + Annual Rate - 1 )
Gain on Curtailment
shall always be
PSC is an expense &
transfer to P&L
Revised by Actuary
& Other Revised
+
(Discounting to be
Same Discounting
Rate ofCSC.
Benefits are paid
nt Beginning of Six monthly Rate shall be
applied on Value of Phm
transfer to P&L immediately & Increase Assumptions Any Chan ge Due m a de downstream) year or End of yenr
then take Annual Rate. Assets if Contribution is
i
DBO Liability Ale above Shall b e
+
DBO Liab. Ale D r. any Change due
A ctuarial G /L
& Transfer to

F o r eg. From L a ter Year to

Earlie r Yea r
made & Benefits are
paid in Mid of yea r
To Bank Ale to above Shall be OCI
To Gain on C u rtaihn cn t Ale
Actuari:\::~c~ /
Transfe~
T h is OCI S h a ll not be
reclassified to P&L
12 Continued to next
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f) Short Term Emp. Benefits
+ l
Profit Sharing
Short Term Compensated & Bonus Plan
Absences
+
Recognise Exp. & not
Non-Accumulating Accumulating Distribution of
Leaves Leaves Profits, only if:-
1) There is Legal or Constructive
J
No Recognitian Accumulating Accumulating
obligation to Pay
&
of Exp ense Vested Benefits Unvested Benefits
2) Reliable Estimate
(i.e. Cash Compensation (Compensation through
can be made
against Un- used Leaves) leaves aganst Un- used
Leaves)
J
Make 100%
t
Make provision for
Provision for estimated Leaves CIF
, Compensation & to be used in the next
Period
(Per day Salary X
Estimated Leaves to be utilized)