At 31 December, Bastide SA measures the obligation of its defined benefit plan at 18,640,000 (present value) and the fair value of plan assets at 15,920,000. The asset ceiling is not an issue (case data). Calculate the net defined benefit liability to present in the statement of financial position.
- Present value of the defined benefit obligation
- 18,640,000
- Fair value of plan assets
- 15,920,000