118 paragraphs found in INT 14
• AASB 101 Presentation of Financial Statements • AASB 108 Accounting Policies, Changes in Accounting Estimates and Errors • AASB 119 Employee Benefits • AASB 137 Provisions, Contingent …
Paragraph 64 of AASB 119 limits the measurement of a net defined benefit asset to the lower of the surplus in the defined benefit plan and the asset ceiling. Paragraph 8 of AASB 119 defines the asset ceiling as ‘the present value of any economic benefits …
Minimum funding requirements exist in many countries to improve the security of the post-employment benefit promise made to members of an employee benefit plan. Such requirements normally stipulate a minimum amount or level of contributions that must be …
Further, the limit on the measurement of a defined benefit asset may cause a minimum funding requirement to be onerous. Normally, a requirement to make contributions to a plan would not affect the measurement of the defined benefit asset or liability. …
In November 2009 the International Accounting Standards Board amended IFRIC 14 to remove an unintended consequence arising from the treatment of prepayments of future contributions in some circumstances when there is a minimum funding …
This Interpretation applies to all post-employment defined benefits and other long-term employee defined benefits. …
For the purpose of this Interpretation, minimum funding requirements are any requirements to fund a post-employment or other long-term defined benefit …
The issues addressed in this Interpretation are: (a) when refunds or reductions in future contributions should be regarded as available in accordance with the definition of the asset ceiling in paragraph 8 of AASB 119. (b) how a minimum funding …
An entity shall determine the availability of a refund or a reduction in future contributions in accordance with the terms and conditions of the plan and any statutory requirements in the jurisdiction of the …
An economic benefit, in the form of a refund or a reduction in future contributions, is available if the entity can realise it at some point during the life of the plan or when the plan liabilities are settled. In particular, such an economic benefit may …