doc__table__717

| 60 | The limit in paragraph 58(b) does not override the delayed recognition of certain actuarial losses (see paragraphs 92 and 93) and certain past service cost (see paragraph 96), other than as specified in paragraph 58A. However, that limit does override the transitional option in paragraph 155(b). Paragraph 120A(f)(iii) requires an entity to disclose any amount not recognised as an asset because of the limit in paragraph 58(b). Example illustrating paragraph 60 A defined benefit plan has the following characteristics: Present value of the obligation 1 100 Fair value of plan assets (1 190 ) (90) Unrecognised actuarial losses (110) Unrecognised past service cost (70) Unrecognised increase in the liability on initial adoption of the Standard under paragraph 155(b) (50) Negative amount determined under paragraph 54 (320) Present value of available future refunds and reductions in future contributions 90 The limit under paragraph 58(b) is computed as follows: Unrecognised actuarial losses 110 Unrecognised past service cost 70 Present value of available future refunds and reductions in future contributions 90 Limit 270 270 is less than 320. Therefore, the entity recognises an asset of 270 and discloses that the limit reduced the carrying amount of the asset by 50 (see paragraph 120A(f)(iii)).

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Source: EUR-Lex (Cellar) · retrieved 2026-11-08 · Text as adopted (Official Journal); later amendments are not incorporated in this text.