INTM523420 - Thin capitalisation: practical guidance: accountancy issues: FRS 17: presentation of FRS17 in the accounts - disclosures

Disclosure of defined benefit schemes in the accounts

»Ê¹ÚÌåÓýappre are extensive disclosures required under FRS 17. »Ê¹ÚÌåÓýappse include:

  • an analysis of amounts included
  • within operating profit
  • within other finance costs, and
  • within the statement of total recognised gains and losses
  • an analysis of the amounts on the balance sheet (or statement of financial position under IFRS) including - movement in the surplus or deficit in the scheme over the period and a reconciliation of the surplus/deficit to the balance sheet asset/liability. This note is useful in that it discloses the cash contributions made to the scheme during the period (often under the heading of “Contributionsâ€�).

»Ê¹ÚÌåÓýapp disclosures are normally given in a lengthy note towards the back of the accounts. If full disclosures are not given at an individual entity level, they should be provided at a higher group level (for instance in the ‘glossyâ€� consolidated accounts).

Similar levels of disclosure are required by entities reporting under one of IAS 19, IAS 19 (revised), FRS 101 or FRS 102.