At the start of the year, the defined benefit plan of Brenac SA shows an obligation of 9,200,000 and plan assets with a fair value of 7,400,000. The discount rate set at the start of the year is 3.5 % (case data). No contribution or benefit is paid during the year. Calculate the interest on the obligation, the interest income on plan assets (at the same rate) and net interest.
- Present value of the obligation at the start of the year
- 9,200,000
- Fair value of plan assets at the start of the year
- 7,400,000
- Discount rate at the start of the year (case data)
- 3.5 %