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Sample Disclosure – Accounting Policy Of Defined Benefit Employee Retirement Plan (13 November 2009)Defined benefit plan The Company’s net obligation in respect of its defined benefit retirement plan is calculated by estimating the amount of future benefit that employees have earned in return for their service in the current financial year and prior periods; the benefit is discounted to determine the present value. Any unrecognised [...] Government Grants Government grants are recognised at fair value when there is reasonable assurance that the Group will comply with the conditions attaching to them and the grants will be received. Grants related to purchase of assets are treated as deferred income and allocated to income statement over the useful lives of the related [...] |
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