| 34.38 | The financial statements of a retirement benefit plan, whether defined contribution or defined benefit, shall present the following in the statement of net assets available for benefits: |
| (a) | assets at the end of the period suitably classified; and |
| (b) | liabilities other than the actuarial present value of promised retirement benefits. |
| The basis of valuation of assets shall be presented in the notes to the financial statements. [AMD 569] |
| AMD 569 Amendment Paragraph 34.38 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 34.38 The financial statements of a retirement benefit plan, whether defined contribution or defined benefit, shall present the following in the statement of net assets available for benefits: (a) assets at the end of the period suitably classified; and (b) liabilities other than the actuarial present value of promised retirement benefits. The basis of valuation of assets shall be presented in the notes to the financial statements. |
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