Accounting Standards and Guidance

FRC Financial Reporting Standards (FRSs)

UK/Irish accounting framework (effective for periods beginning on or after 1 Jan 2015)

FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland

Section 34 Specialised Activities
Retirement Benefit Plans: Financial Statements
Statement of changes in net assets available for benefits (Fund Account)
34.37The financial statements of a retirement benefit plan, whether defined contribution or defined benefit, shall present the following in the statement of changes in net assets available for benefits:
 (a)employer contributions;
 (b)employee contributions;
 (c)investment income such as interest and dividends;
 (d)other income; [AMD 567]
 (e)benefits paid or payable (analysed, for example, as retirement, death and disability benefits, and lump sum payments);
 (f)administrative expenses;
 (g)other expenses;
 (h)taxes on income;
 (i)profits and losses on disposal of investments and changes in value of investments;
 (j)transfers in; and
 (k)payments to and on account of leavers. [AMD 568]
AMD 567

Amendment

Paragraph 34.37(d) amended by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017)

Effective date

01/01/2019

Previous text

(d) other income;
AMD 568

Amendment

Paragraph 34.37(i)-(j) amended and (k) added by Amendments to FRS 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland – Triennial review 2017 – Incremental improvements and clarifications (issued December 2017)

Effective date

01/01/2019

Previous text

(i) profits and losses on disposal of investments and changes in value of investments; and

(j) transfers from and to other plans.
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