The defined benefit obligation of Garnel SA was 14,800,000 at the start of the year. For the year: service cost 920,000; discount rate at the start of the year 3.5 % (case data); benefits paid by the plan 610,000. No amendment, curtailment or settlement. The actuary measures the closing obligation at 16,190,000. Calculate the interest on the obligation, the expected closing obligation based on the movements, then the actuarial loss, obtained as a balancing figure.
- Obligation at the start of the year
- 14,800,000
- Service cost for the year
- 920,000
- Discount rate at the start of the year (case data)
- 3.5 %
- Benefits paid by the plan
- 610,000
- Closing obligation measured by the actuary
- 16,190,000