On 1 July, following a plan amendment, Zelmar SA remeasures its net defined benefit liability and obtains 3,600,000 after taking the event into account. The discount rate of the remeasurement is 4.4% a year; as six months of the year remain, the effective rate for the rest of the period is 2.2 % (case convention: no contribution or benefit changes the net liability up to the reporting date). At the start of the year, the net liability was 4,100,000, with a rate of 3.8% (case data). Calculate net interest for the second half-year.
- Net liability remeasured at 1 July, after the event
- 3,600,000
- Effective rate for the rest of the period (4.4% × 6/12)
- 2.2 %
- Net liability at the start of the year
- 4,100,000